The Justice Department sued to block Penguin Random House’s proposed merger with Simon & Schuster, arguing that the transaction would create a publisher with too much influence over books and author payments.The lawsuit, filed in U.S.
District Court in the District of Columbia, sets up another high-profile antitrust battle in the media sector.Attorney General Merrick Garland said in a statement, “If the world’s largest book publisher is permitted to acquire one of its biggest rivals, it will have unprecedented control over this important industry.
American authors and consumers will pay the price of this anticompetitive merger – lower advances for authors and ultimately fewer books and less variety for consumers.”Acting Assistant Attorney
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