April 15, 2014

Authors Guild Calls For “Close Scrutiny” of Random House-Penguin Merger by FTC and DOJ

share save 171 16 Authors Guild Calls For Close Scrutiny of Random House Penguin Merger by FTC and DOJ

Will library groups be commenting about the merger? What about vendors? Should they comment?

From a Authors Guild Blog Post by Scott Turow, President of the Guild:

Although Random House has said that the combination would control 25% of the book market, that appears to significantly understate things. The companies’ share of the U.S. trade book market for fiction and narrative non-fiction likely exceeds 35%. Their share in certain submarkets is no doubt even higher. The merger merits close scrutiny from antitrust officials at the Justice Department or the FTC.

[Clip]

“Survival of the largest appears to be the message here,” said Scott Turow, Authors Guild president. “Penguin Random House, our first mega-publisher, would have additional negotiating leverage with the bookselling giants, but that leverage would come at a high cost for the literary market and therefore for readers. There are already far too few publishers willing to invest in nonfiction authors, who may require years to research and write histories, biographies, and other works, and in novelists, who may need the help of a substantial publisher to effectively market their books to readers.

Read the Complete Blog Post

share save 171 16 Authors Guild Calls For Close Scrutiny of Random House Penguin Merger by FTC and DOJ
Gary Price About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.