For the second year in a row, merger activity in book publishing was quite modest. Not only were there no blockbuster deals, there were very few acquisitions of any significant scale at all. Unfortunately, the year was more notable for business closures–particularly the winding down of Baker & Taylor and the bankruptcy sale of Diamond Comics, both of which had widespread impact. Authors were left with unpaid royalties from a series of publisher failures that included one-time fast growing companies such as Mango and Unbound. At least Baker & Taylor Publisher Services found a new home within Lakeside Book Company, […]
