News Formal

What's at stake as book publishing merger faces antitrust trial

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The publishers say that “after the merger, the market dynamic will be just the same” and reject the arguments that authors will suffer.

New York A version of this article first appeared in the"Reliable Sources" newsletter. You can sign up for free right here.

Penguin Random House announced its bid to acquire Simon & Schuster in November 2020. The deal -- combining two of the top five book publishers in the United States -- normally would have taken effect by now. But the Justice Department is standing in the way, and an antitrust trial is set to begin on Monday.Judge Florence Pan of the US District Court in Washington, D.C. will hear about three weeks of oral arguments.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 4. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

EXPLAINER: Bid to block book merger sets competition fightEXPLAINER: The biggest U.S. book publisher’s plan to buy the fourth-largest for $2.2 billion represents a key test for the Biden administration's antitrust policy. The Justice Department has sued to block the merger, contending it would thwart competition.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »

Fear of losing Amazon Prime drives skepticism about antitrust bill: Industry pollThe public is hesitant to support bipartisan antitrust legislation meant to rein in Big Tech for fear of losing Amazon Prime free shipping.
Sumber: dcexaminer - 🏆 6. / 94 Baca lebih lajut »