|When will the buying end?|
According to the post by Jim Milliot, Hachette Book Group announced they are buying Perseus Book Group's publishing arm. Hachette wanted to expand into the non-fiction book market and the Perseus Book Group, in addition to their fiction and children's books, has a market in non-fiction.
According to the second post by Rachel Deahl, the Ingram Content Group announced they are buying Perseus Book Group's distribution arm. Ingram will use the purchase to increase their global distribution.
Panzer says, "Goodbye, Perseus Book Group. Pretty soon all the smaller publisher and distribution companies will be gone and there will only be one or two behemoths left."
Note: Since there are two posts today, bring a b-i-g cup of tea and two muffins.
To read the post about Hachette's acquisition of Perseus Book Group's publishing arm, tootle over to Hachette and Perseus
To read the post about Ingram's acquisition of Perseus Book Group's distribution arm, tootle over to Ingram and Perseus