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Alice Grundy, Visiting Fellow, Australian National University

The acquisition of Text Publishing by Penguin Random House is part of a worrying trend in Australian publishing

Australia has been unique in the anglosphere for decades, as its independent publishers have resisted the forces of conglomeration and remained privately owned – often by their founders. But this week the third independent publisher in less than six months has merged with a multinational.

Text Publishing, founded in 1990 by Eric Beecher and Di Gribble, and run for decades by Michael Heyward and Penny Hueston, is now an imprint of Penguin Random House Australia.

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