this post was submitted on 07 Aug 2023

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Simon & Schuster: Publisher to be sold for $1.6bn (www.bbc.co.uk)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

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cross-posted from: https://lemmy.zip/post/1180826

Archived version: https://archive.ph/iQhBz
Archived version: https://web.archive.org/web/20230807223934/https://www.bbc.com/news/business-66434690

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[–] furrious09@lemmy.ml 22 points 1 year ago (1 children)

I just recently read an article about Overdrive and KKR, the company that bought both Overdrive and now this publisher. It was a really disheartening read for what’s happening in the books market.

Article: https://karawynn.substack.com/p/the-coming-enshittification-of-public-libraries

[–] stopthatgirl7@kbin.social 7 points 1 year ago

KKR is also the company that bought out Toys R Us, and we know how that ended.