DOJ-PRH Antitrust Trial
August 26 at 12 p.m. EDT
The US government is attempting to stop Penguin Random House (the biggest publisher in the US) from acquiring Simon & Schuster, the third biggest publisher in the US, on grounds that it would hurt authors by lowering advances due to reduced competition in the market.
Will authors indeed be hurt if the acquisition goes as planned? Is a super-sized Penguin Random House bad for other reasons? How strong is the government’s case? What have we learned from trial testimony about how publishing operates?