The sale of publisher Simon & Schuster is good news for staff and authors, but the long-term implications are uncertain
Published
A year after the US Department of Justice blocked the merger of two of the world’s biggest publishers, a New York-based private equity investment firm, Kohlberg Kravis Roberts & Co., has agreed to buy Simon & Schuster. Even though the US$1.62 billion (AU$2.47 billion) purchase price is lower than…
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