Penguin Random House CEO Markus Dohle resigns after failed merger

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

The CEO of Penguin Random House, the world's largest trade publisher, is stepping down weeks after its attempt to buy rival Simon & Schuster was blocked by a federal court.

The CEO of Penguin Random House, the world's largest trade publisher, is stepping down weeks after its attempt to buy rival Simon & Schuster was blocked by a federal court.

"Following the antitrust decision in the U.S. against the merger of Penguin Random House and Simon & Schuster, I have decided, after nearly 15 years on the Executive Board of Bertelsmann and at the helm of our global publishing business, to hand over the next chapter of Penguin Random House to new leadership," Dohle, 54, said a statement released Friday by parent company Bertelsmann, the German conglomerate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Let's talk about the Twitter files releases and news bigger than watergate!!

I'm glad we're blocking penguin books.,. But we're allowing the Democrat Party to work seamlessly with big tech monopolies to completely censor free speech and exert total control on the flow of information.

So like all or nothing

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:

 /  🏆 87. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines