DOJ attorneys say the proposed acquisition is “precisely the march toward concentration and monopsony power that Congress enacted the Clayton Act to prevent.” Continue reading at 'Publishers Weekly'
[ Publishers Weekly | 2022-09-11 04:00:00 UTC ]
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As attorneys for Penguin Random House and Simon & Schuster took their turn to defend PRH's purchase of S&S, William Morris Endeavor's Jennifer Rudolph Walsh, Gallery publisher Jennifer Bergstrom, and Norton's John Glusman found themselves in the witness chair. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-11 04:00:00 UTC ]
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HarperCollins CEO Brian Murray, testifying in the trial over whether the Penguin Random House-Simon & Schuster sale will go through, said he was “shocked” by the price PRH offered for S&S. Later in the day, the defense cross-examined the government's economic witness. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-10 04:00:00 UTC ]
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In roughly five hours of testimony on Thursday, Penguin Random House CEO Markus Dohle jousted with government lawyers over PRH's market share, his commitment to allow PRH and S&S editors to bid on the same books if the merger is completed, and other issues tied to what the impact of a... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-05 04:00:00 UTC ]
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A compilation of PW's coverage of the DOJ's bid to block Penguin Random House's acquisition of rival Big Five publisher Simon & Schuster. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-05 04:00:00 UTC ]
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Simon & Schuster Jonathan Karp was again the featured witness as PRH attorneys pressed their case that the merger of the two companies would be good for S&S's authors. Morrow's Liate Stehlik and Michael Jacobs of Abrams also took the witness stand. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-04 04:00:00 UTC ]
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Day two of the DOJ's trial to block PRH from acquiring S&S featured a little star power: bestselling author Stephen King. In terms of the case before the court, however, the highlight of the day was the testimony of S&S CEO Jonathan Karp. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-03 04:00:00 UTC ]
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The federal government’s civil suit to block the acquisition of Simon & Schuster by Penguin Random House is chugging along, with the trial set to begin on August 1. Exhibits to the joint pretrial motion, filed July 15, included lists of witnesses for both sides. Witnesses for both sides... Continue reading at Literrary Hub
[ Literrary Hub | 2022-07-20 16:13:34 UTC ]
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As Penguin Random House and the Department of Justice continue to prepare for an August trial in which PRH hopes to block the government’s effort to kill its acquisition of Simon & Schuster, professionals throughout the industry are finding themselves pulled into the legal fray. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-01 05:00:00 UTC ]
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Penguin Random House is disputing the U.S. Department of Justice's main argument in the government's lawsuit to block PRH’s acquisition of S&S, namely that the merger would lead to "substantial harm to authors of anticipated top-selling books and ultimately, consumers.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-12-13 05:00:00 UTC ]
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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 at The Bookseller
[ The Bookseller | 2021-12-12 18:18:18 UTC ]
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Some tech analysts are a bit baffled by the move and, subsequently, the DOJ’s priorities. The Justice Department on Tuesday filed a lawsuit against publisher Penguin Random House that seeks to block its proposed merger with rival Simon & Schuster. It’s one of the Biden administration’s... Continue reading at Fast Company
[ Fast Company | 2021-11-02 14:35:22 UTC ]
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The UK's Competition and Markets Authority (CMA) has launched a merger investigation into Penguin Random House owner Bertelsmann's acquisition of Simon & Schuster. Continue reading at The Bookseller
[ The Bookseller | 2021-03-21 18:05:27 UTC ]
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The Authors Guild and other writers' groups in the US have written a letter to the Department of Justice to block Bertelsmann's takeover of Simon & Schuster. Continue reading at The Bookseller
[ The Bookseller | 2021-02-01 03:48:32 UTC ]
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In an open letter, more than 250 authors, agents, booksellers, and publishers urged publishers not to sign book deals with members of the Trump Administration or anyone "who incited, suborned, instigated, or otherwise supported the January 6, 2021, coup attempt." Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-15 05:00:00 UTC ]
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German media firm, already owner of the giant Penguin Random House, says acquisition of another major publisher is ‘approvable’ within monopoly rulesGerman media group Bertelsmann is set to acquire publisher Simon & Schuster for $2.17bn, less than a year after it took control of Penguin... Continue reading at The Guardian
[ The Guardian | 2020-11-25 16:55:32 UTC ]
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PRH owner Bertelsmann is to buy Simon & Schuster from ViacomCBS for $2.2bn, it has been announced. Continue reading at The Bookseller
[ The Bookseller | 2020-11-25 12:40:42 UTC ]
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Citing irreparable injury, the Department of Justice on Wednesday filed an emergency motion in federal court seeking a temporary restraining order to block publication of former national security advisor John Bolton's memoir 'The Room Where It Happened.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-17 04:00:00 UTC ]
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Driven by a number of acquisitions and hundreds of bestselling books, profits at Penguin Random House jumped 33.0% in the first half of 2019 over the comparable period in 2018 and revenue rose 11.3%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-29 04:00:00 UTC ]
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Late last week, Judge Charles R. Nagle denied Quad’s motions for an expedited trial in the Department of Justice’s lawsuit aimed at blocking Quad’s purchase of LSC Communications. The trial is set for November 14. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-15 04:00:00 UTC ]
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#lsc communications
Welcome to the latest edition of Ad Age Publisher’s Brief, our roundup of news from the world of content producers across digital and print. Got a tip? Send it our way. Joining us late? Here's the previous edition. Cover stars: Chip and Joanna Gaines, who rose to fame through their hit HGTV... Continue reading at Advertising Age
[ Advertising Age | 2019-05-07 00:00:00 UTC ]
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#advertising revenue
#musical theater
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