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Old 10-28-2012, 03:39 PM   #31
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I believe people are highly sensitive and concerned about the formation of monopolies, monopsonies, oligopolies, and what not, due to the fact that only few players dictate the whole publishing and book market.
Ding. Ding Ding!


Bad enough 6 multinationals try to run roughshod over everybody, violating laws willy-nilly, why be *happy* at the prospect of the most "liberal" (which is itself a reach, I'll admit) of the six being subsumed into the most reactionary one?

Not good for readers, not good for libraries, and in the end it won't even be good for the stockholders.
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Old 10-28-2012, 03:59 PM   #32
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I am sure Kim Dotcom would have agreed with you, until New Zealand Police placed him in custody in response to US charges of criminal copyright infringement. It's a sad fact that the arm of US lobbyists reaches far beyond mere US borders.
And then released him on bail while further enquiries were made... and probably not going anywhere now as much of the "evidence" is regarded as suspect...
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Old 10-28-2012, 09:49 PM   #33
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Rupert Murdoch Wants to Start a Billion Dollar Bidding War for Penguin
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Rupert Murdoch doesn't want to let the rumored Penguin and Random House merger happen so easily, so he's put in a last minute bid to buy Penguin for $1.6 billion. In Cash.
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Old 10-29-2012, 02:33 AM   #34
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Murdoch claims that 70% of Penguin authors expressed doubts about Random House in phone conversations with their mothers...
Last edited by CommonReader; 10-29-2012 at 03:33 AM.
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Old 10-29-2012, 03:51 AM   #35
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Murdoch claims that 70% of Penguin authors expressed doubts about Random House in phone conversations with their mothers...


And here I thought he would have learned from the News of the World Murdochgate.
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Old 10-29-2012, 06:51 AM   #36
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The deal was confirmed this morning:

http://www.bbc.co.uk/news/business-20120485

Random House will be in the driving seat, with a 53/47 per cent split
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Old 10-29-2012, 08:40 AM   #37
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Double bubble
toil and trouble
see how the industry shrinks.
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Old 10-29-2012, 09:18 AM   #38
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And we now know that it's "Penguin Random House".

Which still sounds like igloo-squatting in the Arctic.

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Old 10-29-2012, 10:04 AM   #39
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I wonder how this will influence pricing. Penguin immediately embraced the agency model, while Random House dragged its heels and apparently only capitulated because its titles were not available through the Apple iBookstore.
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Old 10-29-2012, 10:48 AM   #40
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Penguin consistently never has covers on Overdrive library books. Wonder if this will affect Random House books...
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Old 10-29-2012, 11:10 AM   #41
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Dang it. I was hoping it wouldn't happen. Penguin has some of the highest book prices out there. I consistently have to get Penguin books from my library. Honestly I'd rather buy, but they hardly ever put things on sale and several of the paperbacks are 9.99 rather than even 7.99. Pout.
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Old 10-29-2012, 11:51 AM   #42
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Speaking with that single voice via collusion and strongarming is what landed them in antitrust court. And why, given that collusion is now off the table for at least five years, they are looking to merge their declining pbook business to achieve the same effect.

Merger = legal collusion. (In their view. Just read their justifications.)

This is not a good thing for any reader, regardless of what you may think about Amazon.
I agree.
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Old 10-29-2012, 11:53 AM   #43
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Penguin consistently never has covers on Overdrive library books. Wonder if this will affect Random House books...
Lack of covers is the least of our concerns.
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Old 10-29-2012, 01:55 PM   #44
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Dang it. I was hoping it wouldn't happen. Penguin has some of the highest book prices out there. I consistently have to get Penguin books from my library. Honestly I'd rather buy, but they hardly ever put things on sale and several of the paperbacks are 9.99 rather than even 7.99. Pout.
Perhaps Random House will force Penguin to accept the agency settlement?
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Old 10-29-2012, 04:38 PM   #45
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Perhaps Random House will force Penguin to accept the agency settlement?
I guess it all depends on who is buying whom. And which CEO is in charge? I don't know. Mergers don't usually mean lower reader costs and penguin has resisted sale prices/lowering prices. I'm not saying they have to give their books away, but I can buy Amazon's four for three with free shipping paperback cheaper than an ebook price. And that ends up driving me to used books to get them even cheaper.

Shrug. Well, I'll just keep shopping for the lowest price. Meanwhile I have several in my watch list. If they go down, I'll know about it!
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