American Literature Loses Out to Consolidation, Putting Bookstores and Authors at Risk

From a New York Times guest essay by Richard Howorth headlined “American Literature Loses Out to Consolidation”:

OXFORD, Miss. — Penguin Random House, the largest English-language trade book publisher in the world, has made an offer to acquire Simon & Schuster, another large publisher and one of its rivals. For American consumers, this is bad news. Allison Hill, the chief executive of the American Booksellers Association, a trade association that promotes independent bookstores, said the sale “threatens to undermine competition … and put bookstores and authors at risk.” A lawyer for the Justice Department commented that the lawsuit “will prevent further consolidation in an industry that has a history of collusion.”