Court Blocks Penguin Random House Acquisition of Simon & Schuster

Upon review of the extensive record and careful consideration of the parties’ arguments’, the government successfully showed that the effect of the proposed merger, ‘may be to substantially to lessen competition’ in the market for the U.S. publishing rights to anticipated top-selling books.

Downturn for Book Business?

Supply chain issues have troubled book publishers since the pandemic began over two and a half years ago. As 2022 nears its end, the logistics gremlins are dramatically showing up in the bottom line.