Via Literary Kicks (and worth quoting in full I think):
Soft Skull, probably the best alternative/independent publisher in the USA right now, is being sold and merged into a large holding company managed by Charlie Winton, who has also acquired Shoemaker & Hoard and Counterpoint.
Once again, I'm disappointed that not many of my fellow bloggers seem to be paying attention to stories like these, because the Soft Skull news has not made much of a ripple. Are literary bloggers afraid to write about finance? Can it be that nobody thinks this is relevant news? Google Blog Search turned up only one blog post following GalleyCat's story, and I just don't understand this.
In sounding alarmed about the news, I'm not trying to cast negativity on the business decision Richard Nash and Soft Skull's management team have made. I think very highly of this team, and if any executive can continue to squeeze greatness out of Soft Skull under the watchful eye of a corporate finance overseer, Richard Nash is that executive. But I have to say that I'm worried, and I'm skeptical. Even if Nash succeeds for a while, don't corporate mergers always end at the same sad cul-de-sac, when eventually the winds change?