DOJ v PRH:Madeline McIntosh Details PRH's Publishing Process - Publishers Weekly

Today Panzer has the latest update from the Publishers Weekly site on the Department of Justice's (DOJ) attempt to stop Penguin Random House's (PRH) merger/acquisition of Simon and Schuster (S&S).

What is good for the employees?

According to Bethanne Patrick's post, Alex Berker of ViacomCBS testified why the company thought the sale of S&S to PRH would be "good" for "employees and executives." Madeline McIntrosh US CEO of PRH was next to testify about the book publishing process. Manuel Sansigre PRH vp for global mergers and acquisitions was the last to testify about cost cutting measures by moving S&S employees to PRH headquarters and then the company wouldn't need the S&S building any more.

Panzer says, "You'll need to go to the Publishers Weekly site to read all the information about the testimony."

Note: This is a long post. Bring a big glass of iced tea, a brownie and a bowl of ice cream for today's reading selection.

To read the post tootle over to Madeline McIntosh testimony