Final answer:
The book industry ownership is dominated by smaller, independent companies.
Step-by-step explanation:
True. The book industry ownership, like most mass media, is dominated by smaller, independent companies. However, it is important to note that there has been a trend of media consolidation in recent years, where fewer and larger conglomerates control a significant portion of media outlets. In the United States, just a few companies now control the majority of media outlets.