Penguin owner Bertelsmann will not appeal US judge’s ruling that merger would be illegal because it would hit authors’ payPenguin Random House, the world’s largest book publisher, and rival Simon & Schuster have scrapped a $2.2bn deal to merge, Penguin’s owner said in a statement on... Continue reading >> [ Source: The Guardian | 2022-11-21 22:41:38 UTC ]
The failure of a recent bid to merge two large publishing companies shines a light on a central issue of cultural powerDespite a rise in self-publishing, commercial publishers are still the main gatekeepers of what arrives on our bookshelves. As such, they have great cultural and – if a book... Continue reading >> [ Source: The Guardian | 2022-11-04 18:25:28 UTC ]
The Department of Justice is aiming to begin court proceedings against Penguin Random House owner Bertelsmann on 1st August 2022, in a bid to block the publisher from acquiring Simon & Schuster in a $2.2bn deal. Continue reading >> [ Source: The Bookseller | 2021-12-12 18:18:18 UTC ]
PRH owner Bertelsmann is to buy Simon & Schuster from ViacomCBS for $2.2bn, it has been announced. Continue reading >> [ Source: The Bookseller | 2020-11-25 12:40:42 UTC ]