Even though I am a traditionally published author I do find this new development disturbing. I know that many authors go POD these days and now it looks like things are going to be shaken up in that arena. I support all authors even though I do not agree with POD and self-publishing. So, thus, it's not good news to see the now limited options among POD companies.
I found this on the Writers Beware blog. It's a wonderful blog and it keeps you in the know with industry news. A lot of POD and self-published authors believe the myth that traditional publishing is gonna one day be obsolete. Well, this is not true. The economy has an effect on us all no matter how we're published but this news is one that will shake up POD publishing and those who have relied upon it. It's hard to tell if this is mostly due to the economy or the fact that POD houses now seem to be doing the same model as traditional publishers by being bought out by other companies. Not good news for POD authors. Check blog post below: