Statements

Authors Guild Statement About Sale of Simon & Schuster to KKR

The Publishing Industry

August 8, 2023

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New York, NY—The Authors Guild hopes that KKR as a private equity firm will defer to the editorial leadership at Simon & Schuster, recognizing that publishing is a unique business model that requires vision and creativity in ways that don’t always justify themselves on P&L sheets.

In the short term, this will mean recognizing that Simon & Schuster is a lean company that cannot afford to lose employees or have editorial decisions and processes undermined. In the long term, this will mean recognizing the tremendous value and prestige offered by Simon & Schuster as a cultural institution and a necessary player in the publishing landscape.