Two giant publishing conglomerates want to merge. What it means to readers, writers, and other insiders?
“One single publishing house usually contains multiple imprints with distinct identities and tastes. Agents typically pitch one book to one imprint at one house, although the exact rules differ from publisher to publisher. The rule at Penguin is that agents cannot pitch to multiple imprints within the group; imprints cannot bid against each other for the same manuscript. At Random House, imprints can bid against each other as long as they are not in the same immediate group. After the Penguin Random House merger, agents could see pitching options abruptly diminished if Penguin’s rules are retained in the new conglomerate.”
This, as the publishing mergers of the 1990’s, means a narrowing gate into publication. See what it takes to publish a book: www.spywriter.com/dta/