As a one-off acquisition, the Simon & Schuster deal is not deeply worrying, but the broader trend towards hedge-fund ownership of publishing assets is. The bottom line is, these are not publishing people, and have no long-term commitment to the industry. Per a report in the Wall Street Journal, private-equity firm KKR is “in advanced talks … Continue reading KKR now likely to buy S&S for 27% less than PRH tried to pay. But are hedge-funds good for the industry?