Posts tagged literary culture
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Simon & Schuster in the Shadows: When Private Equity Casts a Pall on Publishing's Legacy
"A library ought to be the delivery room for the birth of ideas, a place where history comes to life." - Norman Cousins What happens when the sanctity of the written word collides with the capitalist thirst for profit? This timely question comes to the fore as the storied publisher Simon & Schuster falls into the hands of private equity. KKR, the infamous "barbarians at the gate" of the 1980s leveraged buyout era...