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https://amp.theguardian.com/books/2022/aug/01/merger-antitrust-penguin-random-house-simon-schuster

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'This must be stopped': US begins court battle against publishing giants' merger - The Guardian

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8/1/22 at 4:38pm

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Guardian staff reporter

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103 words by API: text-davinci-001

almost 3 years ago

The United States Department of Justice has filed a lawsuit against two of the "Big Five" publishing companies in order to block their merger. Penguin Random House, a division of German media titan Bertelsmann, and Simon & Schuster, a division of US media and entertainment company Paramount Global, would reduce the number of these publishing giants from five to four. The government contends that the merger would lessen competition and give the combined company too much influence over what books are published, resulting in smaller advances being paid to authors and a less diverse selection of books. The publishers argue that the merger would

/items/224 /items/225 Simon & Schuster publishing giants Penguin Random House

Business & Industrial publishing giants Penguin Random House Simon & Schuster Simon & Schuster

The justice department is seeking to block the $2.2bn merger between Penguin Random House and Simon & Schuster

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