Random House and Penguin Are Negotiating a Merger

A big change in the publishing business, from The New York Times:

The potential consolidation comes as traditional publishers try to compete with dominant technology companies like AmazonApple and Google that have gained power in the e-book market. Lower prices offered by retailers like Amazon have put pressure on publishers to adjust their digital book strategy at a time when brick-and-mortar stores have been disappearing.

Copyright secured by Digiprove © 2012 James Ament

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