But assuming it does close, what does it mean for the book publishing industry?
FORBES: Five Thoughts on a Penguin-Random House Merger: Rapid Reaction
Which points to a problem not just at Twelve but with the entire book publishing industry.
FORBES: Forget Apple's iPad, Publishers Need To Worry About Tigers
When I first joined Digital Book World in Oct. 2011, I knew very little about the book publishing industry and almost nothing about ebooks.
For now, a tiny 2% borrow e-books, yet they have the whole book publishing industry and librarians at the nations 120, 000 or so libraries at odds.
Gomez cofounded Starlight Runner in 2000 with Executive Vice President Mark Pensavalle, a childhood friend who left the book publishing industry after becoming frustrated with its lack of innovation.
Even trade publications like Publishers Weekly, which I follow closely, have had a role to play, updating the book industry on which publishing houses were open for business, which booksellers were having issues, etc.
So why is the publishing industry in a huff about e-book library lending?
As elsewhere, the book industry in Japan has realised that today's publishing, with nearly half its stock winding up as pulp, is a rotten way of doing business.
She ended with an invitation to the audience and all publishing industry people to come write for free on her book chat site.
The monthly numbers coming out of the Association of American Publishers that track the size and growth of the publishing industry have been charting a slowdown in e-book growth for much of 2012.
Traditional book-industry players and tech companies are jumping on the digital self-publishing bandwagon.
WSJ: Digital Self-Publishing Shakes Up Traditional Book Industry
This week, Grumpy Cat is coming to New York to promote the forthcoming Chronicle Books release, "Grumpy Cat: A Grumpy Book: Disgruntled Tips and Activities Designed to Put a Frown on Your Face" at BookExpo America, the publishing industry convention.
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