Hedge-fund managers have no long-term interest in the industry, any more than book fair hosting companies have. Publishing is incidental, not central, to their thinking. Per the Wall Street Journal, KKR is selling RB Media, which calls itself the world’s largest audiobook producer, to another hedge fund, HIG Capital, for the tidy sum of $1 … Continue reading KKR sale of RB Media paves the way for its Simon & Schuster bid. The industry should be concerned