King himself would likely benefit from the Penguin Random House-Simon & Schuster deal, but he has a history of favoring other priorities beyond his material well-being. He has long been a critic of tax cuts for the rich, even as “the rich" surely includes Stephen King, and has openly called for the government to raise his taxes.On Monday, attorneys for the two sides offered contrasting views of the book industry.
Attorney Daniel Petrocelli argued for the defense that the industry was actually diverse, profitable and open to newcomers. Publishing means not just the Big Five, but also such medium-size companies as W.W. Norton & Co. and Grove Atlantic. The merger, he contended, would in no way upend the ambitions so many hold for literary success.
“Every book starts out as an anticipated bestseller in the gleam of an author's or an editor's eye," he said.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stephen King to Testify for Gov't in Books Merger TrialRenowned author Stephen King is set to take the stand Tuesday at a federal antitrust trial in Washington.
Source: nbcchicago - 🏆 545. / 51 Read more »
Stephen King set to testify for govt in books merger trialRenowned author Stephen King is set to take the stand Tuesday at a federal antitrust trial in Washington.
Source: ksatnews - 🏆 442. / 53 Read more »
Stephen King Set to Testify for Government In $2.2B Books Merger TrialThe famed author has been a vocal opponent of the proposed union of publishing giants Penguin Random House and Simon & Schuster. It’s like a jury duty you can’t escape StephenKing Hope he loses
Source: THR - 🏆 411. / 53 Read more »
Stephen King is set to testify for the government in books merger trialThe author of Carrie, The Shining and many other favorites, King has willingly — even eagerly — placed himself in opposition to Simon & Schuster, his longtime publisher.
Source: WBUR - 🏆 274. / 63 Read more »
Stephen King to testify against his own publishing company in antitrust caseBestselling author Stephen King will testify in a federal court trial on behalf of the U.S. government against a merger of two 'Big Five' publishing companies, including King's publisher Simon & Schuster, according to court documents.
Source: dcexaminer - 🏆 6. / 94 Read more »