Quote:
Originally Posted by HarryT
Time will tell, but I would hold off on the funeral arrangements for the time being at least.
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One interesting fact is people bitch against the BPHs incessantly on the News forum- but buy and recommend their product just as incessantly, if the Recommendations forum is anything to go by. They are doing something right.
Some of BPHs have suffered a major setback with this lawsuit. The biggest one (Random House) was untouched and is thriving. It will be interesting to see what they do next.
I think there will be consolidation: the Big 6 will become the Big 4 or maybe even the Big 1 or 2. But there will continue to be BPHS because they perform an important role that no one else can easily fill.