DOJ V PRH: Jonathan Karp and Stephen King Take the Stand - Publishers Weekly

Today Panzer stopped in at the Publishers Weekly site to get an update on the Department of Justice lawsuit (DOJ) to stop the merger of Penguin Random House (PRH) and Simon and Schuster (S&S).

 

According to the post by Andrew Albanese, the case is a back and forth of witnesses against the merger and witnesses for the merger. Bestselling author Stephen King testified why the merger would be bad for authors if there's one less publisher to sell to. S&S CEO Jonathan Karp testified why the merger should be allowed to proceed. Agent Ayesha Pande, Kensington CEO Steve Zachanus and S&S CFO Dennis Eulau also testified.

I have my own opinion.

Panzer says, "Hmm ... Interesting ... Stephen King ... Only witness the publishers' attorney didn't cross examine. This little kitty will let you figure out why he didn't."

 

Note: This is a huge post. Bring a thermos of iced tea, two muffins, a brownie, and a chocolate chip cookie (biscuit) for today's reading selection.

 

To read the post tootle over to Jonathan Karp and Stephen King