“In the face of Amazon’s dominance, book publishers have huddled together in search of safety.”

Kaushik Viswanath
Marker
Published in
1 min readDec 2, 2020

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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.

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Marker
Marker

Published in Marker

Marker was a publication from Medium about the intersection of business, economics, and culture. Currently inactive and not taking submissions.

Kaushik Viswanath
Kaushik Viswanath

Written by Kaushik Viswanath

Previously: Creators & Marker @Medium and business books at Penguin Random House.