Jan 22, 2012

New Publishing Paradigm Unfolds as Foretold

In January 2012, the flagship in Canada's fleet of traditional publishers became a small cog in a foreign business empire. Random House, a subsidiary of the international publishing conglomerate Bertelsmann AG, bought out the remaining shares of McClelland & Stewart. (The purchase passed federal government scrutiny, proving that Canadian culture gets less protection than Canadian potash.)