Consolidation In Book Publishing Continues As Hachette Acquires Perseus

By Jeremy Greenfield Consolidation at the top of the book publishing pyramid continues as Hachette Book Group is reported to have entered into an agreement to acquire Perseus Books Group in an unusual three-way deal that will have Hachette immediately selling the Perseus book and ebook distribution business to Ingram, the largest player in the content distribution market. “This is the same self-destructive practice of the music industry. Who cares, really? With our current technology, authors and the reading public don’t need these sorts of publishers. Hachette, and most other book publishers, will go the way of Polygram Records. For you younger readers, that means they are going to disappear like the dinosaurs.” Read the full article here: http://www.forbes.com/sites/jeremygreenfield/2014/06/24/consolidation-in-book-publishing-continues-as-hachette-acquires-perseus/

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