2022 was an odd year for publishing mergers, in multiple ways. In line with the larger market and the broader economy, the year started strong with a series of deals of note, following pandemic-driven strength. Then as interest rates rose and the economy cooled, deal activity got quiet quickly. Some of the year’s biggest deals were the ones that didn’t happen. There was Penguin Random House’s planned $2.175 billion acquisition of Simon & Schuster that was blocked by the court, of course. (Which means S&S will be back up for sale in 2023.) But also, it became clear in early […]
