DOJ v. PRH: "Ending Where We Started" - Publishers Weekly

Today's trip into the Catopshere took Panzer to the Publishers Weekly site. There he found a post about last Friday's closing arguments in the Department of Justice's (DOJ) case to stop Penguin Random House's (PRH) acquisition of Simon and Schuster (S&S).

 

Who will win? Authors or Publishers?

According to Ed Nawotka's post, there were three closing arguments in the case on Friday. The DOJ presented their argument first. DOJ's basic argument was, if the merger goes through, PRH will have 49 percent of the book market.There will be less competition for books and authors will make less money. PRH's closing argument was second. PRH's basic argument was it doesn't matter how big their market share is. S&S's closing argument was third. S&S's basic argument was PRH offered the most money for the company.

 

Panzer says, "It will be interesting to see what the final decision is."

 

Note: This is a very, very long post. Bring a thermos of iced tea, three chocolate chip cookies (biscuits) and a brownie.

 

To read the post tootle over to DoJ v. PRH Closing Arguments