In ominous signs for Big Five publishers, PRH CEO departs and HarperCollins moves to lay off 5% of its North American workforce
HarperCollins is also facing an ongoing strike by some 250 unionized employees.
Markus Dohle, CEO of Penguin Random House, to leave position by year’s end
PRH president and COO Nihar Malaviya will become interim CEO as of January 2023.
Paramount Global cancels deal to sell Simon & Schuster to Penguin Random House after antitrust ruling
PRH reiterated its belief that Judge Pan's decision was wrong and that it had intended to appeal.
Judge Florence Pan finds a “compelling case” that the proposed merger of PRH and S&S would result in “substantial harm” to industry competition
Judge Pan's decision helps protect that part of the publishing ecosystem that does not fall under the umbrella of the Big Five.
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."
“No special treatment”: Madeline McIntosh, PRH U.S. CEO, claims in court that books are treated equally in-house, notwithstanding the stature of the author or the amount paid for them
"Once a book with a big advance is in-house ... it gets no special treatment," McIntosh said on the stand.
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."
Final briefs filed in PRH/S&S merger fight with U.S. Department of Justice
The suit to block the proposed merger is set to begin in a Washington, D.C., court on Monday, August 1.
Penguin Random House defends proposed merger with Simon & Schuster; Cuomo ordered to repay profits on COVID memoir
Two ongoing battles surround the proposed deal to combine two of the world’s largest publishers and the financial woes of a former New York governor.