This summer, the courts will decide the fate of the pending acquisition of Simon & Schuster by Bertelsmann subsidiary Penguin Random House. But 24 years ago, the industry was agape over Bertelsmann’s purchase of Random House. Then as now, agents, authors, and booksellers expressed their concerns over the deal, which cemented Random House’s position as the country’s largest trade publisher.
From the Archive: March 30, 1998 by Publishers Weekly on Scribd
For the complete article in the Publishers Weekly archive, go to publishersweekly.com/mar-30-1998
