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Awaiting regulatory approval, HarperCollins parent News Corp’s intended acquisition of HMH Books & Media raises some new concern about book publishing consolidation.
Taking a selfie at Macy’s in Manhattan on West 34th Street, March 24. Image – iStockphoto: Massimo Giachetti
Announced Acquisition is Worth US$349 Million
As news weeks go in international publishing, this is a big one. There are reports of longtime Hachette Livre CEO Arnaud Nourry’s ouster in Paris. And with Bertelsmann’s announcement in Germany of financial gains in the pandemic year 2020 has also come more cautionary signals about regulators’ examinations of Penguin Random House’s plan to acquire Simon & Schuster.