A federal judge blocked on Monday Penguin Random House's move to acquire rival publisher Simon & Schuster in a win for the Biden administration, which has sought to push theThe ruling, which comes after a three-weeklong trial, would significantly impact the publishing industry, though Penguin Random House plans to appeal.
Penguin Random House is the largest book publisher in the U.S., while Simon & Schuster is the fourth largest.District Court Judge Florence Y.
"As we demonstrated throughout the trial, the Department of Justice’s focus on advances to the world’s best-paid authors instead of consumers or the intense competitiveness in the publishing sector runs contrary to its mission to ensure fair competition.
When are they going to stop Amazon from buying up everything they can get their hands on?
Now block the Kroger-Albertsons merger please.