{"id":507366,"date":"2022-11-01T21:00:00","date_gmt":"2022-11-01T18:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/judge-blocks-penguin-random-house-from-merging-with-simon-schuster\/"},"modified":"2022-11-01T21:00:00","modified_gmt":"2022-11-01T18:00:00","slug":"judge-blocks-penguin-random-house-from-merging-with-simon-schuster","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/judge-blocks-penguin-random-house-from-merging-with-simon-schuster\/","title":{"rendered":"#Judge blocks Penguin Random House from merging with Simon &#038; Schuster"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25e724c6e43\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25e724c6e43\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/judge-blocks-penguin-random-house-from-merging-with-simon-schuster\/#%E2%80%9CJudge_blocks_Penguin_Random_House_from_merging_with_Simon_Schuster%E2%80%9D\" >&#8220;Judge blocks Penguin Random House from merging with Simon &#038; Schuster&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CJudge_blocks_Penguin_Random_House_from_merging_with_Simon_Schuster%E2%80%9D\"><\/span>&#8220;Judge blocks Penguin Random House from merging with Simon &#038; Schuster&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>A federal judge has blocked the $2.18 billion merger between two book-publishing giants \u2014 Penguin Random House and rival Paramount Simon &amp; Schuster \u2014 saying the mega-deal would unlawfully reduce competition.  <\/p>\n<p>On Monday, US District Judge Florence Pan blocked the merger between Bertelsmann\u2019s Penguin Random House, publisher of books like Michelle Obama\u2019s \u201cBecoming,\u201d George Orwell\u2019s \u201c1984\u201d and Dan Brown\u2019s \u201cThe Da Vinci Code,\u201d with Paramount Global\u2019s Simon &amp; Schuster, home to bestsellers like Stephen King\u2019s \u201cFairy Tale,\u201d John Irving\u2019s \u201cThe Last Chairlift\u201d and \u201cState of Terror\u201d by Hillary Clinton and Louise Penny.<\/p>\n<p>While Pan\u2019s ruling remains under seal, the judge said in a statement: \u201cThe Court finds that the United States has shown that the effect of the proposed merger may be substantially to lessen competition in the market for the U.S. publishing rights to anticipated top-selling books.\u201d <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"802\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/penguin-random-house-33.jpg?w=802\" alt=\"\" class=\"wp-image-24482455\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/penguin-random-house-33.jpg?quality=75&amp;strip=all&amp;w=1604 1604w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/penguin-random-house-33.jpg?quality=75&amp;strip=all&amp;w=1203 1203w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/penguin-random-house-33.jpg?quality=75&amp;strip=all&amp;w=802 802w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/penguin-random-house-33.jpg?quality=75&amp;strip=all&amp;w=401 401w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/penguin-random-house-33.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 802px) 100vw, 802px\"\/><figcaption>The Justice Department filed a lawsuit last year to block the merger between the two publishing giants. <\/figcaption><figcaption><span class=\"credit\">PA Images via Getty Images<\/span><\/figcaption><\/figure>\n<p>Bertelsmann vowed to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eal the ruling on Tuesday.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>\u201cWe do not share the court\u2019s assessment any more than we previously shared the Department of Justice\u2019s position,\u201d Bertelsmann chief executive Thomas Rabe said in a statement. \u201cA merger would be good for competition.\u201d<\/p>\n<p>Paramount Global said it was \u201cdisappointed by the ruling\u201d and said it is in talks with Bertelsmann and Penguin Random House over next steps, including an expedited appeal. <\/p>\n<p>The decision comes a year after the US Justice Department filed a lawsuit aimed at stopping the merger between the fourth- and fifth-largest publishers. The government claimed the deal would give \u201coutsized influence over who and what is published, and how much authors are paid for their work.\u201d<\/p>\n<p>The DOJ did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to calls for comment on Bertelsmann\u2019s appeal.<\/p>\n<p>Following Monday\u2019s ruling, Assistant Attorney <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Jonathan Kanter of the DOJ\u2019s Antitrust Division praised the decision, saying it \u201cprotects vital competition for books and is a victory for authors, readers, and the free exchange of ideas.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/simon-schuster-39.jpg?w=1024\" alt=\"a stack of books on a shelf published by simon and schuster and random house\" class=\"wp-image-24482485\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/simon-schuster-39.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/simon-schuster-39.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/simon-schuster-39.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The DOJ argued that the merger between the book publishers would have reduced competition and decreased author compensation, among other things. <\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>He added: \u201cThe proposed merger would have reduced competition, decreased author compensation, diminished the breadth, depth, and diversity of our stories and ideas, and ultimately impoverished our democracy.\u201d<\/p>\n<p>The high-profile case included a 13-day trial that ended in August and featured testimony from the novelist Stephen King for the government. <\/p>\n<p>The government claimed that the deal would have decreased competition in the market for rights to best-selling books, lowering writers\u2019 pay and reducing consumers\u2019 choices. The publishers shot back, contending that the deal would have let them compete with digital behemoths Amazon and Disney. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/simon-schuster-36.jpg?w=1024\" alt=\"Simon  &amp; Schuster HQ\" class=\"wp-image-24482551\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/simon-schuster-36.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/simon-schuster-36.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/simon-schuster-36.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Bertelsmann said it plans to appeal the decision, claiming it would be good for competition in the book publishing industry.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Penguin Random House did not immediately repsond to The Post\u2019s request for comment. <\/p>\n<p>Penguin Random House, one of a group of large publishers known as the \u201cBig Five,\u201d is the world\u2019s biggest English-language trade publisher. It had announced plans to merge with Simon &amp; Schuster, the fourth-largest book publisher in the US, in 2020.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/01\/judge-blocks-penguin-random-house-from-merging-with-simon-schuster\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Judge blocks Penguin Random House from merging with Simon &#038; Schuster&#8221; A federal judge has blocked the $2.18 billion merger between two book-publishing giants \u2014 Penguin Random House and rival Paramount Simon &amp; Schuster \u2014 saying the mega-deal would unlawfully reduce competition. On Monday, US District Judge Florence Pan blocked the merger between Bertelsmann\u2019s Penguin&#8230;<\/p>\n","protected":false},"author":1,"featured_media":507367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/simon-schuster-39.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134899,111048,80775,70514,70584,26257,70370,5084,5085],"class_list":["post-507366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-1-22","tag-antitrust-law","tag-bertelsmann","tag-justice-department","tag-mergers-acquisitions","tag-paramount","tag-publishers","tag-publishing","tag-simon-schuster"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/507366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=507366"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/507366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/507367"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=507366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=507366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=507366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}