A month after pledging to "vigorously defend" its proposed $1.4 billion acquisition of rival publication printer LSC Communications in the face of a Justice Department lawsuit challenging the deal, Quad/Graphics announced on Tuesday that the two companies have agreed to end the fight. The proposed merger—which was first announced last October and approved by both companies' shareholders in February—faced opposition from groups like the Authors Guild and free speech advocate PEN America, who argued that combining "the two sole competitors in the long-run magazine and book printing markets" would create a dangerous monopoly that could further beleaguer print magazine and book publishers. In separate statements, both Quad/Graphics and LSC reaffirmed their disagreement with the Justice Department's assessment of the deal, but reasoned that the benefits of the merger would be outweighed by the delays and legal costs associated with fighting the DOJ lawsuit. As the blog Dead Tree Edition noted, a federal judge denied a request from the two printers for an expedited trial last week, meaning that even if it were ultimately approved, the proposed merger likely wouldn't come into effect until sometime next year. "In the United States, Quad and LSC’s printing and distribution resources vastly exceed those of other competitors and the two serve as the only realistic options for many publishers and retailers that rely on these firms’ resources and experience to ensure that... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-07-23 16:26:38 UTC ]
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Medieval mishaps and smarmy suitors are afoot in the upcoming film adaptation of 'Catherine Called Birdy,' based on the 1994 Newbery Honor-winning novel by Karen Cushman. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-25 04:00:00 UTC ]
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Literary world riven by conflict as trade union is accused of inappropriately taking sides in culture warIt is a literary row that threatens to consume the very organisation set up to protect authors’ rights. And, in spite of the involvement of three prominent names in children’s books, it has... Continue reading at The Guardian
[ The Guardian | 2022-08-21 09:00:05 UTC ]
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The union of HBO Max and Discovery+ is already causing pain through layoffs, and now the move is affecting some shows. Warner Bros. Discovery has confirmed to Variety that it's removing 36 titles from HBO Max as soon as this week while it prepares for the Discovery+ platform merger. Most of the... Continue reading at Engadget
[ Engadget | 2022-08-18 20:30:29 UTC ]
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Mad Cave Studios, a Miami graphic novel publisher, has acquired Papercutz, the groundbreaking independent children’s graphic novel house founded in 2005 by Terry Nantier and Jim Salicrup. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-17 04:00:00 UTC ]
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As Salman Rushdie struggles with his injuries, the world publishing industry demands protection for the freedom to publish. The post Rushdie Attack: IPA Calls for ‘Redoubling Our Commitment’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-15 14:59:48 UTC ]
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Much of his work was imbued with a sense of the end, so it is fitting to look back at three of his best works to mark the illustrator’s passing Continue reading at The Conversation
[ The Conversation | 2022-08-11 15:31:10 UTC ]
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As the government's case against Penguin Random House's acquisition of Simon & Schuster winds down, Macmillan CEO Don Weisberg and government economist Nicholas Hill laid out reasons why they are concerned about the impact of the proposed merger. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-09 04:00:00 UTC ]
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Ella Risbridger muses on the pain-writing-money trifecta, Nora Ephron’s Heartburn, and memoir as fiction. | Lit Hub Criticism Lulu Miller in praise of “the uncrushable beetle.” | Lit Hub Nature How Kiki de Montparnasse, a muse with a mind of her own, “essentially invented the idea of making an... Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-06 10:30:41 UTC ]
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Amid news of the NPD-IRI merger, NPD BookScan reports US print holding at 6 percent below 2021’s level in the week ending July 23. The post NPD and IRI Have Announced an Unnamed Merger in Data and Analysis appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-04 15:57:40 UTC ]
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Bestselling author Stephen King has testified in a federal antitrust trial in Washington Continue reading at ABC News
[ ABC News | 2022-08-03 00:28:27 UTC ]
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Stephen King testified for the government today, arguing that writers will be harmed if Penguin Random House and Simon & Schuster merge. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-08-02 22:41:59 UTC ]
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The deal between Penguin and Simon & Schuster would weaken competition and lower author pay, he said Continue reading at Crains New York
[ Crains New York | 2022-08-02 19:08:55 UTC ]
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After the government and PRH reiterated their positions in opening arguments, HBG CEO Michael Pietsch testified to a number of concerns he has if the PRH-S&S merger is approved and said he hoped his parent company would bid on S&S if the deal is blocked. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-02 04:00:00 UTC ]
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The justice department is seeking to block the $2.2bn merger between Penguin Random House and Simon & SchusterThe government and publishing titan Penguin Random House exchanged opening salvos in a federal antitrust trial Monday as the US seeks to block the biggest US book publisher from... Continue reading at The Guardian
[ The Guardian | 2022-08-01 16:24:36 UTC ]
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The U.S. government and publishing titan Penguin Random House are set to exchange opening salvos in a federal antitrust trial Continue reading at ABC News
[ ABC News | 2022-08-01 13:37:10 UTC ]
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The government’s bid to block Penguin Random House’s acquisition of rival Big Five publisher Simon & Schuster gets underway today, with opening arguments before judge Florence Pan in Washington, D.C. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-01 04:00:00 UTC ]
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The books we love coming out this week include new titles by Hayley Scrivenor, Joanne Cannon, and Steven W. Thrasher. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-29 04:00:00 UTC ]
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International Literature Festival Berlin's day of Ukrainian readings is scheduled for August 7, the festival's opening date. The post International Literature Festival Berlin Calls for a Day of Ukrainian Readings appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-07-27 18:08:34 UTC ]
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These stories, including The Night Circus by Erin Morgenstern, are great in prose, but they are crying out for a graphic novel adaptation to bring the visuals to life. Continue reading at Book Riot
[ Book Riot | 2022-07-26 10:31:00 UTC ]
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Barry Windsor-Smith’s 'Monsters' (Fantagraphics) was named Best New Graphic Novel during the 2022 Will Eisner Comic Awards ceremony, held at this year's San Diego Comic-Con. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-24 04:00:00 UTC ]
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