Paramount scraps $2.2bn sale of Simon & Schuster publishing to Penguin

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 Monday.Bertelsmann, a German media group which owns Penguin, initially said it would appeal a US judge’s decision that said its purchase of Simon & Schuster would be illegal because it would hit authors’ pay. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2022-11-21 22:41:38 UTC ]

Other news stories related to: "Paramount scraps $2.2bn sale of Simon & Schuster publishing to Penguin"


S&S Will Not Distribute Breonna Taylor's Shooter's Book

Simon & Schuster will not distribute a book by Sgt. Jonathan Mattingly, one of two Louisville, Ky., police officers that shot six bullets that killed Breonna Taylor. The book's publisher, Post Hill Press, is a distribution client of S&S. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-04-16 04:00:00 UTC ]
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German booksellers concerned by UK import delays

Three months after the post-Brexit transition period ended on 31st December, wholesalers and booksellers in Germany, one of the largest book export markets on the continent, have joined British publishers in concerns about delays and rising costs hitting the trade since the UK became a... Continue reading at The Bookseller

[ The Bookseller | 2021-03-31 15:59:15 UTC ]
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PRH’s Markus Dohle on Bertelsmann’s 2020 Profit Report

'Globally, people turned to books' in 2020, Markus Dohle says, and Penguin Random House parent Bertelsmann reports on a strong year. The post PRH’s Markus Dohle on Bertelsmann’s 2020 Profit Report appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-03-30 15:54:57 UTC ]
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HarperCollins will acquire the trade division of Houghton Mifflin Harcourt for $349 million.

Only three months after the high-profile merger of Penguin Random House and Simon & Schuster, The New York Times reported earlier this morning that HarperCollins, one of publishing’s “Big Five,” will acquire Houghton Mifflin Harcourt Books and Media—Houghton Mifflin Harcourt’s trade... Continue reading at Literrary Hub

[ Literrary Hub | 2021-03-29 14:25:08 UTC ]
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The Guardian view on the writing business: readers must ultimately benefit | Editorial

People want stories and that means cultivating a publishing ecosystem where big and small can flourishThis week both the UK’s Competition and Markets Authority and the Department of Justice in the US announced investigations into the planned $2.2bn acquisition of the publisher Simon &... Continue reading at The Guardian

[ The Guardian | 2021-03-28 17:25:47 UTC ]
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Authors fear the worst if Penguin owner takes over Simon & Schuster

Analysis: if Bertelsmann, owner of Penguin Random House, buys US publisher, writers expect smaller deals and less choice for readersUK watchdog investigates Penguin owner’s Simon & Schuster takeoverJokes circulated online when, in 2013, Penguin and Random House merged: would the new... Continue reading at The Guardian

[ The Guardian | 2021-03-22 23:24:23 UTC ]
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UK watchdog investigates Penguin owner’s Simon & Schuster takeover

CMA says it is considering whether Penguin Random House’s $2bn deal would lessen competitionAuthors fear the worst if Bertelsmann takes over Simon & SchusterThe UK competition watchdog has launched an investigation into Penguin Random House’s $2bn (£1.45bn) takeover of Simon & Schuster,... Continue reading at The Guardian

[ The Guardian | 2021-03-22 09:00:30 UTC ]
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CMA launches merger investigation into PRH and S&S deal

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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S&S hoovers up Dyson's memoir

Simon & Schuster is to publish James Dyson's memoir, Invention: A Life, in September 2021. Continue reading at The Bookseller

[ The Bookseller | 2021-03-05 01:52:40 UTC ]
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S&S global sales hit 'record year' in 2020 at $901m

Sales at Simon & Schuster came in at an all time high in 2020 at $901m, ViacomCBS has reported. Continue reading at The Bookseller

[ The Bookseller | 2021-02-26 10:10:34 UTC ]
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What Happens When a Publisher Becomes a Megapublisher?

The merger of Penguin Random House and Simon & Schuster has the potential to touch every part of the industry, including how much authors get paid and how bookstores are run. Continue reading at The New York Times

[ The New York Times | 2021-02-25 10:00:22 UTC ]
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Hillary Clinton is . . . coming for Stacey Abrams’s literary crown?

As the age-old advice goes, “Write what you know.” For Hillary Clinton, apparently this means pivoting from writing dense memoirs about “hard choices” and nonfiction books about women’s empowerment to . . . political fan fiction thinly disguised as a legal thriller? Simon & Schuster has... Continue reading at Literrary Hub

[ Literrary Hub | 2021-02-23 16:42:52 UTC ]
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Karp outlines Simon & Schuster’s plans after succeeding Reidy as c.e.o.

Jonathan Karp, who took the helm at Simon & Schuster after the loss of its formidable former c.e.o. Carolyn Reidy, reveals how he intends to navigate the pandemic, a Penguin Random House takeover, and US politics Continue reading at The Bookseller

[ The Bookseller | 2021-02-11 15:06:22 UTC ]
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S&S lands T J Newman's flight thriller for seven-figure sum

Simon & Schuster is to publish Falling by T J Newman, after a two-book global deal secured for a seven-figure sum.  Continue reading at The Bookseller

[ The Bookseller | 2021-02-08 11:43:12 UTC ]
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Of course Hunter Biden is publishing a memoir in April.

Today the Associated Press reported that Hunter Biden, son of famous memoirist Joe Biden, will publish a memoir of his own on April 6. The memoir will be published with Gallery Books, an imprint of Simon & Schuster. Beautiful Things, acquired by Gallery Books in fall 2019, focuses on Biden’s... Continue reading at Literrary Hub

[ Literrary Hub | 2021-02-04 16:02:23 UTC ]
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Authors Guild calls for DoJ to block Bertelsmann's S&S purchase

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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Bertelsmann gives Rabe five more years

Penguin Random House owner Bertelsmann has extended Thomas Rabe’s contract as chairman and c.e.o. for another five years. Continue reading at The Bookseller

[ The Bookseller | 2021-01-21 01:01:48 UTC ]
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Josh Hawley finds new publisher after Simon & Schuster cancels book

Simon & Schuster severed ties with senator after Capitol attackPublisher distributes titles by conservative imprint RegneryThe rightwing Missouri senator Josh Hawley has found a publisher for a book dropped by Simon & Schuster over his role in attempting to overturn the US election on... Continue reading at The Guardian

[ The Guardian | 2021-01-18 16:02:10 UTC ]
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Amazon.com and 'Big Five' publishers accused of ebook price-fixing

Class action lawsuit filed in US claims the houses have colluded with the online giant to keep prices artificially highAmazon.com and the “Big Five” publishers – Penguin Random House, Hachette, HarperCollins, Macmillan and Simon & Schuster – have been accused of colluding to fix ebook... Continue reading at The Guardian

[ The Guardian | 2021-01-15 13:04:33 UTC ]
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Book Biz Saw Little M&A in 2020, with Some Big Exceptions

Economic uncertainty limited merger and acquisition activity in the book business last year, but there were still a number of significant transactions, including Penguin Random House's planned purchase of Simon & Schuster Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-01-15 05:00:00 UTC ]
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