The sale of publisher Simon & Schuster is good news for staff and authors, but the long-term implications are uncertain
- Written by: Agata Mrva-Montoya, Lecturer, Department of Media and Communications, University of Sydney
Sinziana Susa/UnsplashA year after the US Department of Justice blocked the merger of two of the world’s biggest publishers, a New York-based private equity investment firm, Kohlberg Kravis Roberts & Co., has agreed to buy Simon & Schuster.
Even though the US$1.62 billion (AU$2.47 billion) purchase price is lower than the previous...