Behind the big publishing merger

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Joseph Esposito posts on the Scholarly Kitchen about the Random House/Penguin merger and why he says it may not be good news for authors: "There will of course be huge cost savings in the back office from this merger, but perhaps the primary rationale is upstream, with the relationships with agents and authors," he writes. "A combined Penguin Random House ... would be in a position to get agents to toe the line" in fighting off efforts to raise royalties for e-books.