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

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'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.

 

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