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

Judge Florence Pan of the US District Court in Washington, D.C. will hear about three weeks of oral arguments. The government says, in its pre-trial brief, that the publisher combo "would further entrench the largest publishing giant in the United States and give the merged company control of nearly half of the market to acquire anticipated top-selling books from authors."

"The closely watched case holds major implications for a publishing industry that has been grappling with consolidation for years," Publishers Weekly reporter Andrew Albanese. "It also looms as a key test for the government amid growing calls for more vigilant antitrust enforcement, and in the wake of a stinging defeat in 2018 in its bid to block the massive $85 billion merger between AT&T and Time Warner.

CdnMediaFailed

Indonesia Berita Terbaru, Indonesia Berita utama

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

Stephen King goes to bat for U.S. government in case against book publishing mega-mergerIn case of Penguin Random House and Simon & Schuster merger, U.S. government focused on advances paid to the most successful authors, especially those given $250,000 or more Stephen King is an alt left loser
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »