Book Business Reacts to Simon & Schuster Sale

In a statement on Wednesday, the Authors Guild laid out its opposition to the proposed deal, in which Bertelsmann would acquire S&S from ViacomCBS for $2.2 billion. 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.

Source: Book Business Reacts to Simon & Schuster Sale

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