There has been some controversy in recent times over what is perceived as a crisis in Western publishing. The general complaint is that conglomerates or large corporations, having bought and merged a significant number of key publishing houses or bookstores, now exercise unprecedented influence over various aspects of publishing, from editorial decisions to the market share of bestsellers; this, claim critics, has led not only to a decline in quality but, among other things, the consolidation of politically conservative opinions, a drastic reduction in competition and in numbers of independent businesses, and a superabundance of transient, non-noteworthy literature.
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1 References
Schiffrin, André ( 2000). The Business of Books: How the International Conglomerates Took Over Publishing and Changed the Way We Read.
Epstein, Jason. Book Business: Publishing Past, Present, and Future.