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Wondering? I'm David Brown and this

1:21

is business wars daily on this

1:23

Tuesday, May fourteenth and American publishing

1:25

giant is expanding it's international reach.

1:27

Last week, New York based Simon

1:29

and Schuster announced it was acquiring

1:31

Dutch Publishing House. Been bosh in

1:33

Keening or V B K. The.

1:36

Deal is still subject to review. Financial

1:38

terms have been disclosed but surely go

1:40

through It Be notable for a few

1:43

reasons: is the first move in Simon

1:45

and Schuster, his recent quest for international

1:47

expansion and it would mark the first

1:50

non English language acquisition for the publisher

1:52

to. The almost century old

1:54

V B K is the largest Dutch

1:56

publishing house, turning out fifteen hundred titles

1:59

annually, with. Two hundred eighty

2:01

employees. For. Comparison Sake:

2:03

Simon and Schuster publishes thirteen hundred

2:05

new titles each year and has

2:07

about seventeen hundred employees. The Dutch

2:09

are certainly efficient, are they not?

2:11

As part of the deal, Simon

2:13

and Schuster will acquire Bb Case

2:15

publishers and both Belgium and the

2:17

Netherlands, as well as it's podcast

2:19

production unit, an ecommerce channel. The

2:21

Bk would operate as an autonomous

2:23

division under the Simon and Schuster

2:26

parent house, and would maintain it's

2:28

editorial independence according to the Wall

2:30

Street Journal, who had also keep

2:32

its. Chief Executive who would now report

2:34

to Simon and Sisters executive. Most companies

2:36

seem pleased with a pending deal. He

2:39

would allow Simon and Schuster to expand

2:41

it's international read and also grow in

2:43

areas like technology, protection, and distribution. according

2:45

to the journal. Meanwhile, the deal allows

2:48

Bb Tais authors to expand their reach

2:50

beyond the Dutch Speaking world. It would

2:52

appear to be a win win. But.

2:55

While the deal will help Simon and Schuster

2:57

beef up it's impact, the long time king

2:59

of the publishing world still reigns. Thing.

3:02

When Random House publishes fifteen thousand

3:04

titles each year, making it America's

3:06

largest book publisher, Thing already has

3:08

a vast international reach among it's

3:10

more than three hundred imprints. and

3:13

when it comes to Simon and

3:15

Schuster, well, that's kind of a

3:17

funny story. And Twenty Twenty Two

3:19

Penguin tried to acquire it's competitor

3:21

for two point one eight billion

3:24

bucks to which federal regulator said

3:26

no way that the A was

3:28

quashed after a federal judge blocked

3:30

it for competition related reasons. The

3:33

merger would have reduce the number

3:35

of big publishers in the Us

3:37

to for and fed into the

3:39

consolidation frenzy that Smart Publishing for

3:41

decades. Alas, the deal grinded to

3:43

a halt last October. Instead, the

3:45

private equity firm Kkr acquired Simon

3:47

and Schuster for one point six

3:49

two billion dollars at the time.

3:51

Simon Ceo Jonathan carp lot of

3:53

the deal, noting it would help

3:56

the publisher expand internationally. See.

3:59

with his latest act that's exactly what

4:01

Simon and Schuster seems to be doing.

4:03

Still, it remains a small fry in

4:05

American publishing compared to the elephant, we

4:08

should say penguin, in the room. But

4:10

for now, both publishers are charging

4:12

ahead, hoping their stories have happy

4:15

endings. From

4:18

Wondery, this is Business Wars Daily. I'm

4:20

your host David Brown, written and produced

4:22

by Jessica Lomax. Our executive producers are

4:24

Tina Rubio and Marco Luz. Hey

4:41

Prime members, you can listen to

4:43

Business Wars Daily ad-free on Amazon

4:46

Music. Download the Amazon Music app

4:48

today or you can listen ad-free

4:50

with Wondery Plus in Apple Podcasts.

4:52

Before you go, tell us about

4:54

yourself by completing a short survey

4:57

at wondery.com/survey. Support

4:59

for this podcast and the following

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