4 October 2021
When Hachette Book Group acquired Workman Publishing, HBG CEO Michael Pietsch observed that Workman was one of the biggest, if not the biggest, remaining independent trade publishers left in the U.S. Based on available data, a case could indeed be made that Workman was the largest of its kind. Which has raised a question in publishing circles: why are there so few independent publishers of size? There is a dearth of what can be called midsize publishers that fall between the Big Five and the many independent publishers with sales of $20 million or less.