'Major Milestone' as Judge Halts Mega-Merger Between US Publishing Giants

  • 📰 commondreams
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

'A huge win for America's system of antitrust law—designed to protect creators, workers, independent businesses, and consumers from consolidated power and control.' openmarkets

that blocked publishing company Penguin Random House from buying one of its top competitors, marking what one observer called a"major milestone" in anti-monopoly enforcement and potentially signaling future actions against retail giant Amazon.

"This decision is an enormous win for America's book publishing business—especially readers, authors, and editors,"Barry Lynn, executive director of the Open Markets Institute, which works to combat monopolization."This is also a huge win for America's system of antitrust law—designed to protect creators, workers, independent businesses, and consumers from consolidated power and control.

"Publishing should be more focused on cultural growth and literary achievement and less on corporate balance sheets," KingStacy Mitchell, co-director of the Institute for Local Self-Reliance, said the DOJ's focus on potential lost income for authors was significant.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 530. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

King County judge temporarily halts Albertsons merger payoutA King County Court Commissioner has approved a temporary restraining order request filed by Washington state Attorney General Bob Ferguson to block Albertsons Inc. from paying a massive dividend to investors Monday, Nov. 7.
Source: Mynorthwest - 🏆 438. / 53 Read more »