Big, but not unexpected, development in the OldPub World.
Observers of the Western publishing industry have noticed the massive upset that independent publishers have had on the establishment. It's been on a downward slide for years, and we all know that it was only a matter of time before another event--the one that made the Big Six become the Big Five--hit and that has come.
And the Big Five have learned nothing. This is why this sale has happened. The Bigs are going to collapse down to The Big before that last one finally falls apart and collapses. However, I feel no sympathy at all for any effect. OldPub did this to themselves, and they therefore deserve all the pain coming to them.
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