Archive for November, 2012

In response to this post on The Atlantic:
A New Era for Books: The Random House-Penguin Merger Is Just the Start

The merger of Random House and Penguin unquestionably represents an enormous change in the scale of publishing companies. It is a direct response to the power of the digital marketplace, but shifting ownership in the publishing industry is nothing new…

…It is widely assumed that this type of consolidation will continue, with the likelihood of further mergers among the Big Six, or the acquisition of independent publishers in the belief that scale is an advantage in dealing with the giants of technology and e-commerce…

I made this comment:

I agree.

In economics, there’s a concept called the Rule of Three.   Read the rest of this entry »