WASHINGTON—The Justice Department on Tuesday filed an antitrust lawsuit that seeks to block Penguin Random House’sThe department, in a lawsuit filed in a Washington, D.C. federal court, alleged the almost $2.
18 billion deal would let Penguin Random House—already the world’s largest consumer book publisher as measured by revenue—exert outsized influence over which books are published in the U.S. and how much authors are paid.
I wonder if anyone at the DOJ has ever heard of a company called Amazon. Have they looked at the distribution channels that these publishers have to deal with? Why the double standard?
what about big tech and press decoupling
based now do it to Disney
good luck
Two companies in a dying industry gets blocked but they let Facebook and Amazon do their thing? It’s like they don’t even want to hide corruption in the government anymore
IMHO needs to be considered for all SMEs and start ups. Many people don’t set up on their own unless they have the requisite skills, expertise and personal brand. IMHO a restriction of trade needs to be considered as illegal and harmful. Against, competition law.
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Source: CNBC - 🏆 12. / 72 Read more »