Inside the Australian and New Zealand book industry

Image. Advertisement:

Song wins inaugural Spark Prize

Youjia Song has won the inaugural Spark Prize for her book proposal, ‘The Pursuit of Impossible Dreams’. Song’s proposal was ...

‘There is clearly no market logic to a bid of that size—only anti-market logic. Bertelsmann is not just buying a book publisher, but buying market dominance as a book behemoth … There will certainly be legal books written about this deal, though I wonder if Bertelsmann would publish them.’News Corp chief executive Robert Thomson condemns Bertelsmann’s acquisition of Simon & Schuster—months after News Corp subsidiary HarperCollins showed interest in buying the publisher.