Sales of Book Businesses Plummet, But the Big Keep Getting Bigger In the third quarter of this year, merger and acquisition activity in trade book and other consumer publishing segments plummeted more than 40%, according to industry figures tracked by investment banking firm Whitestone Communications. Despite a flurry of speculation over sales — for example,…Continue Reading
“The one thing we know is that information is now ever-present and therefore, in a sense, valueless,” says Kemp Battle, partner in the investment and consulting firm Tucker Capital. And that explains in a nutshell the challenges currently wracking the boardrooms of the world’s reference publishers, who, with their multi-volume encyclopedias and high-price-point dictionaries, are…Continue Reading
