Penguin Random House and Simon & Schuster merger blocked by federal judge

Photo caption: A federal judge has blocked Penguin Random House’s proposed purchase of Simon & Schuster, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.” Photo credit: Getty Images. Article by Hillel Italie. PBS News – November 1, 2022.

NEW YORK (AP) — A federal judge has blocked Penguin Random House’s proposed purchase of Simon & Schuster, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.” The ruling was a victory for the Biden administration’s tougher […]

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