Word: scribners
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...Scribner's; 192 pages...
...Scribner's; 464 pages...
...Scribner, whose authors have included Ernest Hemingway and F. Scott Fitzgerald, the takeover will mean access to Macmillan's cash and marketing muscle but an end to the corporate independence of a firm that has helped to shape American literature. Wrote Hemingway in a 1947 letter after the death of Maxwell Perkins, his longtime Scribner editor: "One of my best and most loyal friends and wisest counselors in life as well as in writing is dead. But Charles Scribner's Sons are my publishers and I intend to publish with them for the rest of my life...
...takeover, which both sides said will preserve Scribner's editorial freedom, is part of a consolidation trend that began in the late 1970s. Among previous acquisitions have been Hearst's takeover of William Morrow, and the purchase of J.B. Lippincott by Harper...
...deals have aroused fears of a shrinking market for authors. Jeremiah Kaplan, executive vice president of Macmillan, sought to calm such worries: "This merger will not diminish the number of books being published by all our companies. In fact, they may well be increased. We admire the books that Scribner does so well. That is, after all, one of its attractions." -By John Greenwald. Reported by Richard Brims/New York