First of all, about the monopoly of American publishing industry.
Recently, there has been a heated discussion on the internet about the future dominance of the American publishing industry, and many netizens. I don't know why, but this result is related to a recent acquisition. Some time ago, The New York Times published a report that Penguin Random House will acquire Simon and Schuster, so when this acquisition is achieved, the publishing industry in the United States will achieve monopoly and will have a far-reaching impact on the publishing industry in the future.
Second, about the specific content of this acquisition.
The book industry has been in a slump. In the past two or three decades, there have been many acquisitions, among which Penguin Publishing House and Random House merged earlier, and Ashter Book Group also acquired Bolsi Uss Book Company. For Simon and Schuster, the past few years have been very difficult, because at the beginning of this year, the COVID-19 outbreak seriously disrupted the American economy, many American libraries were forced to close, and the corresponding publishing industry was also greatly affected. In May this year, their CEO died unexpectedly, which directly accelerated their acquisition process.
Third, the further development of this matter.
After the acquisition, the publishing industry will become a monopoly, but it is gratifying that many senior executives of Simon and Schuster will continue to work instead of all leaving, which is a continuation of the corporate culture of Simon and Schuster. Finally, regarding the publishing industry, because the sales of paper books have declined in recent years, the publishing industry has experienced a severe winter. I also hope that this industry can persist and survive this difficulty. If other friends have any opinions on this issue, please leave a message in the comment area for interaction.