Fred’s Blog

A View from the Moon

Bertelsmann, Owner of Penguin Random House to buy Simon & Schuster

This is huge. Bertelsmann, who owns Penguin Random House, is buying out Simon and Schuster Publishing. The new entity will control an estimated one third of all books published in the USA. The good news is, they beat out Rupert Murdoch in their bid, but there is concern about a monopoly of book publishing. Monopolies … More Bertelsmann, Owner of Penguin Random House to buy Simon & Schuster