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DOJ Set To Pitch Book Publisher Merger Challenge To Judge

Law 360 M&A

Prolific scribe Stephen King is among a parade of industry players slated to testify about the business of publishing blockbuster books during a trial that starts Monday over Penguin Random House's planned purchase of Simon & Schuster.

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The Guardian view on the book publishing industry: no one size fits all | Editorial

The Guardian M&A

The failure of a recent bid to merge two large publishing companies shines a light on a central issue of cultural power Despite a rise in self-publishing , commercial publishers are still the main gatekeepers of what arrives on our bookshelves. As such, they have great cultural and – if a book takes off – economic power.

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Consolidation of Book Publishers Is a Threat to a Diverse Literary Marketplace

NYT M&A

The proposed merger of Penguin Random House and Simon & Schuster accelerates industry trends toward the production of best-sellers at the expense of the incubation of new voices or ideas.

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Book Publishing Industry Gets Close Read In Merger Trial

Law 360 M&A

After two weeks presiding over the government's effort to stop Penguin Random House's planned purchase of Simon & Schuster, U.S. District Judge Florence Y. Pan has shown both skepticism and frustration with arguments made by both sides of the merger fight.

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Book Publishers Say DOJ Hasn't Shown Harm To Authors

Law 360 M&A

Attorneys for Penguin Random House and Simon & Schuster told a D.C. federal court on Friday that the government failed to prove their planned $2.18 billion merger would reduce author pay, arguing that a deal should not be blocked based on a vague notion of softened competition.

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Minutes Are Worth the Minutes: Good Documentation Practices Improve Board Deliberations and Reduce Regulatory and Litigation Risk

Harvard Corporate Governance

More than ever, plaintiffs are using requests for books and records to attempt to state breach of fiduciary duty and securities law claims. I have now published the underlying article of the same name, which can be accessed here. This post is based on his article forthcoming in the Fordham Journal of Corporate and Financial Law.

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Prestige, Promotion, and Pay

Harvard Corporate Governance

This post is based on their article published in The Journal of Finance. In The Wealth of Nations (Book X, Part I, 1776), Adam Smith writes: “Honour makes a great part of the reward of all honourable professions. Related research from the Program on Corporate Governance includes The Growth of Executive Pay by Lucian A.

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