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No one buys books
Everything we learned about the publishing industry from Penguin vs. DOJ.
We’ve also published Bob Dylan and Linda Ronstadt, a lot of entertainers through the years…There was a political writer, Ben Shapiro, who has a very popular podcast and a large following. Private equity tends to have one game plan: buy a company, load it with debt, wring out costs to improve its financials, sell at a profit. Dealing Simon & Schuster to private equity, The New Republic warned at the time with some slight hyperbole of its own, would mean “absolute devastation and wholesale job loss.”
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