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Re: Libraries Urge Justice Departmen to Block Cinven and Candover Purchase of BertelsmannSpringer
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- Subject: Re: Libraries Urge Justice Departmen to Block Cinven and Candover Purchase of BertelsmannSpringer
- From: "Mary Munroe" <C60MHM1@wpo.cso.niu.edu>
- Date: Tue, 3 Jun 2003 18:53:43 EDT
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Nothing in the research I have done on mergers and acquisitions in the publishing industry has shown that the quality of the products in the industry is better, that the management of the firms is better, or that customer service is better. The only thing that seems better is the stock price, and as we have seen in the last year or so, even that is not certain. On the contrary, customer service suffers from the merger of different organizational cultures, the products suffer from the lack of attention to editorial quality, and the management suffers when "professional" managers replace people who care about the product. This does not even cover the problems created by an anti-competitive atmosphere. Scholarly publishing needs to go back to being scholarly -- run by the people who produce the scholarship. And that, of course, leads back to the disfunction in the promotion and tenure process at universities. It is past time that we stopped bemoaning the situation and went to work to make things like SPARC really work on a much larger scale than has been true until now. Mary Munroe
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