It’s hard to overstate how big this news is for the publishing world. Variety: ViacomCBS to Sell Publishing Unit Simon & Schuster
While a buyer hasn’t been announced, if the “Big 5” becomes the “Big 4” it will prompt another round of consolidation in the business and further creep toward a virtual monopoly.
Or… maybe it will stay separate. But whatever happens, this is massive news in the book world.
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