Future uncertain: In further upheaval for Simon & Schuster Canada, Kevin Hanson is out as publisher
The news comes at a precarious time for the company.
Private equity firm KKR agrees to purchase Simon & Schuster for $1.6 billion USD
Finding a private buyer for the house will likely help forestall regulatory pushback on antitrust grounds.
U.S. judge Florence Pan rules against publishers in decision blocking the merger between Penguin Random House and Simon & Schuster
The U.S. Department of Justice called the ruling "a victory for authors, readers, and the free exchange of ideas."
Publishers as “angels” and other weird assertions from Markus Dohle cap a busy week at DoJ v. PRH antitrust trial
Dohle suggested on the stand that publishers resembled the "Silicon Valley of media" and compared their work to that of angel investors in business.
Stephen King and Jonathan Karp square off in the early days of the DoJ/PRH/S&S antitrust suit
"When I started in this business, there were literally hundreds of imprints, and some of them were run by people with extremely idiosyncratic tastes, one might say."