Readersforum's Blog

November 22, 2012

There Can Be Only One!: Harper Collins and Simon & Schuster To Merge?

By Dean Fetzer

Talk about the silly season. In yesterday’s news, it was announced News Corp. International — who already owns Harper Collins — has expressed interest in buying publishing house Simon & Schuster, only a few weeks after they attempted to buy Penguin prior to its merger with Random House.

The fact that the Wall Street Journal (again, owned by News Corp.) reported the story is an irony that’s not lost on me. Also, News Corp. is in the process of breaking its business in half, at the moment, creating an entertainment company for its assets like Fox News, 20th Century Fox film studio, Harper Collins and Dow Jones. And the merger with Simon & Schuster could bring them quite a good chunk of the market:

 

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