News Summary: HarperCollins Writes Off Baker & Taylor Losses; Spotify Reshapes Audiobook Market; Australia Imposes Teen Social Media Ban
One of the stories I’ve mentioned a couple of times in recent weeks has been the collapse of Baker & Taylor, one of the major players in wholesale and distribution. One of the things I have wondered was what actual difference this might make. Obviously, narrowing the field in such a key area has consequences, but I was interested to note that HarperCollins has attributed a significant amount of its weak financial showing of late to the closure, with monies owed being written off.
