Hachette’s Slides to Investors
This broke a while ago, but while looking for the link to this story to share with a media outlet, I saw how far down the search results it was with one set of keywords and how difficult it was to find in general. If you want to help spread awareness of what Hachette’s goal is in its negotiations with Amazon, please link to this Passive Voice story on your own blogs. Or link to the original in social media:
Not many people are considering the idea that Hachette could be the side offering unreasonable terms to Amazon or negotiating in bad faith. And I saw almost no coverage of the Perseus acquisition as being harmful to competition in the book trade. Hachette gobbled up the largest remaining independent trade publisher and peeled off their distribution business to Ingram while folding the publishing side into what will undoubtedly become more Imprint Soup.
The truly amazing thing? The NYT (of which I’m a 7-day home subscriber and massive fan) covered the acquisition of Perseus from the angle of Amazon being the bad guy. No, really. Even though Hachette is quoted as saying the acquisition and negotiations are unrelated (their slides to investors suggest otherwise). Meanwhile, agents now have one fewer place to submit their manuscripts.
If, after seeing these slides, you want to petition Hachette to stop fighting for higher e-book prices and lower wages for authors, click here.