A federal judge has blocked Penguin Random House’s prospective purchase of Simon & Schuster. The merger would have united two of the country’s largest book publishers.
New York Times
After the three-week trial concluded in August, the ultimate decision marks a major win for the Biden administration and its emphasis on antitrust enforcement. The high-profile trial was watched closely by the literary world and included testimony from executives of both publishers, who argued that a merger would allow cost-saving opportunities, which would benefit writers.. The acclaimed horror writer, long aligned with Simon & Schuster, argued strongly against the merger, stating that “consolidation is bad for competition” and that “it becomes tougher and tougher for writers to find money to live on.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judge Blocks Penguin Random House Merger With Simon & SchusterA federal judge ruled in favor of the Justice Department in its effort to block to merger of Penguin Random House with Simon & Schuster. In granting an injunction to halt the transaction, Judge…
Read more »
Penguin Random House Blocked From Acquiring Rival Publisher Simon & SchusterA federal judge has blocked Penguin Random House from buying rival publisher Simon & Schuster, agreeing with the Justice Department that the merger would lessen competition
Read more »
WSJ News Exclusive | Penguin Random House Stands by Plan to Publish Amy Coney Barrett’s BookPenguin Random House said it's committed to publishing a coming book by Supreme Court Justice Amy Coney Barrett, despite a dissenting online open letter that has garnered more than 600 signatures
Read more »
Critical Role's Next Novel Out This Week, Read Exclusive ExcerptCritical Role's next novel comes out this week. Penguin Random House is set to release Critical [...]
Read more »
Eagles WR A.J. Brown says he was drug tested after career day: 'This is not random'Eagles WR A.J. Brown said he was drug tested the morning after he set career highs in receiving yards (156) and touchdowns (three).
Read more »
Chris Redd shows off stitches, black eyes following random NYC attackNew photos show comedian Chris Redd bruised and battered — but still smiling — following his attack in Manhattan last week.
Read more »