The interest by News Corp. (NWS, NWSA) in Penguin's book division not only underscores the...

|About: News Corporation (NWS)|By:, SA News Editor

The interest by News Corp. (NWS, NWSA) in Penguin's book division not only underscores the urgency of the industry to consolidate in order to ward off the threat of e-book sellers, but also the need for big players to shoulder in before it's too late. A spinoff by News Corp. of its book publishing properties into a separate company makes sense as it would clear a path for future acquisitions as the ongoing firesale in the industry continues.