SoA 'concerned' by Bertelsmann's acquisition of S&S

SoA 'concerned' by Bertelsmann's acquisition of S&S

The Society of Authors has said it is "concerned" by the acquisition of Simon & Schuster by Penguin Random House's parent Bertelsmann, warning the move could adversely affect authors' contractual terms in the long run.

Following news of the purchase last week, Nicola Solomon, SoA chief executive, told The Bookseller: "We are concerned. While S&S is smaller in the UK than in the US, and PRH has managed on the whole to keep imprints separate, we do worry about increased market dominance, lack of competition and pressure on contractual terms for authors."

She added: "And there will of course...

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