What the Penguin Random House-Simon & Schuster merger means to authors

What the Penguin Random House-Simon & Schuster merger means to authors

The biggest publishing house, Penguin Random House, is merging with the number three publisher, Simon & Schuster. Here’s what that means for you as an author: lower advances, less service, more publisher nickel-and-diming, and still more of the responsibility for success landing on you. Publishing houses struggle to maintain profits and market power in a…