After a flurry of last-minute filings and orders, the U.S. Department of Justice's bid to block Penguin Random House's acquisition of rival Big Five publisher Simon & Schuster is ready for court. Oral arguments are set to begin on August 1 before Judge Florence Pan at the E. Barrett Prettyman U.S. Courthouse in Washington, D.C., with the trial expected to run nearly three weeks...
...The closely watched case holds major implications for a publishing industry that has been grappling with consolidation for years. It also looms as a key test for the government amid growing calls for more vigilant antitrust enforcement, and in the wake of a stinging defeat in 2018 in its bid to block the massive $85 billion merger between AT&T and Time Warner.
...The closely watched case holds major implications for a publishing industry that has been grappling with consolidation for years. It also looms as a key test for the government amid growing calls for more vigilant antitrust enforcement, and in the wake of a stinging defeat in 2018 in its bid to block the massive $85 billion merger between AT&T and Time Warner.