November 02, 2021

5 Book Marketing Services That Are Always Worth Collaborating On

5 Book Marketing Services That Are Always Worth Collaborating On

Reading Time: 3 minutesA lot of authors hire out book marketing services not just because they don’t know how to do the work, but because they’re also strapped for time. But what if you have the time, or don’t have a lot to invest yet, what do you do? Ideally, you’d like to hire out services that require lots of early heavy-lifting and research, because often once the initial round of work is done, handing this over to the author gets much easier – at least that’s how we’ve always worked. I never like to assume that authors want to...

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Justice Department sues to block Penguin Random House acquisition of S&S

Nov 02 2021 The U.S. Department of Justice has sued to block Penguin Random House parent company Bertelsmann’s proposed acquisition of Viacom CBS subsidiary Simon & Schuster, arguing that it “would result in substantial harm to authors.” ... The DoJ alleges that the proposed acquisition would “enable Penguin Random House, which is already the largest book publisher in the world, to exert outsized influence over which books are published in the United States and how much authors are paid for their work.” (Penguin Random House is the world's third largest publisher, but its largest trade publisher -- i.e. publisher of...

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Justice Department Sues to Block Penguin Random House Acquisition of Simon & Schuster

Justice Department Sues to Block Penguin Random House Acquisition of Simon & Schuster

As Kelly reported last year, Penguin Random House is acquiring Simon & Schuster for $2.2 billion, consolidating the major publishing houses yet again, this time from the Big Five to the Big Four. Penguin Random House, formerly separate publishers Penguin and Random House, is the single largest publishing house in the United States; Simon & Schuster is the fourth largest, and the merger would create a megapublisher controlling one-third of publishing business and, one speculates, little duty to any but their biggest authors. With traditionally published authors already making so little money, it’s troubling to think that a single publisher...

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