Publishing's continental drift

A pronounced continental drift characterizes U.K. publishing nowadays—ownership of the big groups has moved across the Atlantic to Europe. The battle for supremacy is now between the Germans, the French and the British, waged by Bertelsmann, Hachette and Pearson. It is only a matter of time before this struggle moves to the U.S., where the vulnerability of groups such as Simon & Schuster and Time Warner could prove tempting to the expansionist Europeans.

From The Book Standard.