Nov 30 2020
Following the announcement that Penguin Random House parent company Bertelsmann won the bidding war for Simon & Schuster with a $2.2 billion offer, members of the book business and related organizations have begun to weigh in.
In a statement on Wednesday, the Authors Guild laid out its opposition to the proposed deal. The sale "would mean that the combined publishing house would account for approximately 50% of all trade books published, creating a huge imbalance in the U.S. publishing industry," the Guild said. (Penguin Random House's global CEO, Markus Dohle, told PW that he believes PRH's publishing market share is about 14.2% and S&S's 4.2%, including self-publishing; others have estimated the combined companies' market share would amount to roughly one third of the U.S. book market.)
Daughters of Shandong
by Eve J. Chung
Eve J. Chung's debut novel recounts a family's flight to Taiwan during China's Communist revolution.
The Stolen Child
by Ann Hood
An unlikely duo ventures through France and Italy to solve the mystery of a child’s fate.
Never doubt that a small group of thoughtful, committed people can change the world...
Click Here to find out who said this, as well as discovering other famous literary quotes!
Your guide toexceptional books
BookBrowse seeks out and recommends the best in contemporary fiction and nonfiction—books that not only engage and entertain but also deepen our understanding of ourselves and the world around us.
