July 16, 2014
Is Amazon going to buy Simon & Schuster?
by Alex Shephard
Yesterday, The Digital Reader‘s Nate Hoffelder speculated—and indicated at several points that he was only speculating (there’s literally a question mark in the headline)—that Amazon may be interested in buying Simon & Schuster. Here is a relevant paragraph:
Of course, we don’t know Amazon is in the market to buy a major trade publisher so this is purely speculative. This could just be a contract negotiation for book and ebook distribution, and if that is the case someone will leak something.
Until we know more, I plan to hold this as a possibility and not a probability.
At least one other outlet has inexplicably reported this piece of speculation as fact. It is not a fact. It is speculation.
Amazon is not going to buy Simon & Schuster.
Alex Shephard is the director of digital media for Melville House, and a former bookseller.