Tuesday News: 2014 publishing mergers, Tom Kabinet survives
first ruling, iWatch speculation heats up, and everything you
didn’t want to know about codpieces  Tuesday News: 2014
publishing mergers, Tom Kabinet survives first ruling, iWatch...
The combination of the economic downturn of 2008–2009 and the
uncertainty about where the book business was headed as e-books
began to take hold at the beginning of the current decade made
it difficult to place a dollar valuation on companies, which, in
turn, made the heads of both large and small publishers
reluctant to get involved in the acquisition field as either
buyers or sellers. That attitude began to change with the
announcement of the Penguin–Random House merger. With the
economy gradually improving and the slowdown in e-book growth
providing a bit more clarity about the future of the book
market, more executives have been willing to take the
acquisition plunge. Indeed, in the view of some industry
observers, consolidation is key to survival for companies that