As Franklin Foer writes in The Atlantic, the proposed merger, announced last week, between book publisher Simon & Schuster (currently owned by ViacomCBS) and Penguin Random House, the biggest book publisher in the world (owned by private German media conglomerate Bertelsmann), would publish roughly a third of all books in the U.S. and reduce the “Big Five” publishers into the “Big Four” (Hachette, Macmillan, and HarperCollins comprising the other three). The less competitive landscape would certainly mean less leverage for book authors and their agents. But Foer argues that this proposed merger needs to be understood in context: Book publishers are looking for leverage, too, against the behemoth that sells 49% of all books in the U.S.: Amazon.

About

Kaushik Viswanath

Senior Editor, Books/Marker @Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store