A PYMNTS Company

Op-Ed: How An Antitrust Trial Could Reshape The Books We Read — And Who Writes Them

By  |  August 18, 2022

By Douglas Preston, Hollywood Reporter

The outcome of an antitrust trial currently underway in Washington could reshape the kind of books Americans read — and who writes them.

Last November, the Department of Justice sued to stop the proposed merger of two of the country’s largest publishers, Penguin Random House and Simon & Schuster. At the time, U.S. Atty. Gen. Merrick Garland said: “If the world’s largest book publisher is permitted to acquire one of its biggest rivals, it will have unprecedented control over this important industry.” The consolidated company, according to Garland, would control half the market for top-selling books.

Continue Reading…