Will Publishing’s Latest Merger Kill Off Small Presses?

Literary diversity is in jeopardy with the proposed Penguin Random House/ Simon & Schuster merger, or so small publishers claim (with numbers to back them up). “This lack of competition doesn’t inflate consumer prices; it decreases labor costs. In other words, it disadvantages writers. Nowadays, the Big Four might not even make an offer for those big literary debuts. These are not guaranteed hits, after all.” – Los Angeles Times