This week, independent Melbourne-based publisher Affirm Press was acquired by multinational conglomerate Simon & Schuster in yet another buy-up of independent publishers in Australia. The deal will see Affirm Press continue to operate independently but with the backing of S&S, which in Australia publishes the likes of Colleen Hoover and Taylor Jenkins Reid’s The Seven Husbands of Evelyn Hugo.
In its stable of authors, Affirm has ABC journalist Michael Brissenden, children’s writer Margaret Wild and Cheek Media co-founder Hannah Ferguson.
Affirm CEO and co-founder Martin Hughes said he could distil the basis for the acquisition to one word: cashflow.
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