News Corp. eyeing HarperCollins merger with Simon & Schuster?
Another merger might be hitting the publishing industry.
News Corp., which owns HarperCollins Publishers, is considering acquiring Simon & Schuster, The Wall Street Journal is reporting today, citing people who claim to have knowledge of the companies' discussions. Simon & Schuster is owned by CBS, the same company that publishes CNET.
At this point, News Corp. hasn't made an offer and a deal "isn't imminent," according to the Journal's sources. However, the move appears to be a response to the recent announcement of a merger between Random House and Penguin Group, two of the larger … Read more