The purchase, which was announced in April, will boost Penguin Random House Grupo Editorial’s position in Spanish-language trade-book publishing markets throughout the world. Continue reading at 'Publishers Weekly'
[ Publishers Weekly | 2017-07-05 00:00:00 UTC ]
In the United States, Judge Pan rules against the merger of trade book publishers Penguin Random House and Simon & Schuster. The post Court Blocks PRH-Simon & Schuster Acquisition appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-11-01 02:36:58 UTC ]
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The Big Five publishers have a history of both publishing and distributing books by people who not only hold abhorrent beliefs, but who wield those beliefs to destroy the rights of people across the world—so it’s no surprise that Sentinel, the conservative Penguin Random House imprint, is... Continue reading at Literrary Hub
[ Literrary Hub | 2022-10-25 14:43:59 UTC ]
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The United States Senate voted on Tuesday to elevate the judge overseeing the lawsuit that will decide the fate of the proposed merger of Penguin Random House with Simon & Schuster to the influential U.S. Court of Appeals for the District of Columbia Circuit, filling the seat that belonged... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-21 04:00:00 UTC ]
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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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In a highly anticipated post-trial filing PRH attorneys reiterate their claim that the government manufactured a fatally flawed case to block the nearly $2.2 billion merger—and then failed to prove it. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-09 04:00:00 UTC ]
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High inflation and supply chain challenges combined to drop earnings at Penguin Random House 20.7% in the first half of 2022 compared to a year ago. Revenue rose 6.2%, to €1.92 billion, but even there the news was disappointing with parent company Bertelsmann noting that excluding the favorable... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-31 04:00:00 UTC ]
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Have you made a promise to yourself to learn something new this year? There are numerous ways to do so, ranging from college courses to e-learning programs. Many successful entrepreneurs look to books as sources of inspiration. However, if you’re busy managing your business, time is of the... Continue reading at PC World
[ PC World | 2022-08-24 08:00:00 UTC ]
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The opposing parties in the Department of Justice’s lawsuit aiming to block Penguin Random House’s purchase of Simon & Schuster offered very different views of what a merger of the two would mean for authors and the industry in Friday’s closing arguments. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-22 04:00:00 UTC ]
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As testimony wrapped up prior to closing arguments today, the defense and DOJ once again attacked each other's data analysis and methodology. The DOJ asserted that publisher competition, not imprint competition, is the surest way to lift advances, and that non-Big Five publishers face... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-19 04:00:00 UTC ]
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Over the past two weeks, writers and publishing professionals have been riveted by coverage of the trial in which the U.S. Department of Justice is attempting to block Penguin Random House’s purchase of Big Five rival Simon & Schuster. As a member of the independent book publishing... Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-18 08:54:18 UTC ]
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In a day dominated by testimony from some of publishing's leading agents, the overall theme was that the biggest advance is not the only thing that is important in reaching an agreement with a publisher, and that these agents believe that S&S authors would benefit from becoming part of PRH. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-12 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 United States' Department of Justice is suing to block the Penguin Random House-Simon & Schuster merger deal struck in late 2020. The post The PRH-S&S Acquisition Case Goes to Court appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-01 13:55:05 UTC ]
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Attorneys for both parties filed a host of final briefs on July 22, including their individual pre-trial statements and briefs on a handful of lingering (but potentially significant) evidentiary question likely to be settled early this week. Oral arguments in the case are set to begin on August 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-24 04:00:00 UTC ]
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With oral arguments set to begin on August 1, the closely watched case holds major implications for a publishing industry grappling with consolidation and for government regulators facing growing calls for more vigilant antitrust enforcement. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-22 04:00:00 UTC ]
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