Once, Stephen Johnson was managing director of Random House South Africa.
"Fear of Amazon" may not yet be a phrase in the dictionary, but it is the sentiment that underlies the merger between Random House and Penguin.
M&G books editor Darryl Accone looks at the implications of the merger of two of the biggest names in publishing.
Britain's Pearson and Germany's Bertelsmann are to merge their publishing units, Penguin and Random House, to recover ground lost to Amazon and Apple.
Many in the publishing industry are wondering: Was Penguin's Alison Lowry pushed --- or did she jump?
The publishing industry is said to have been rocked back on its heels at news that ebooks have outsold hardback books on Amazon in the United States.
Former Federal Reserve chairperson Alan Greenspan, in a memoir to be released on Monday, criticised President George Bush and congressional Republicans for abandoning fiscal discipline and for putting politics ahead of sound economics. In his book, Greenspan said he was surprised Bush was unwilling to temper his campaign promises with fiscal reality once elected.