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.
A Blog About Books and Reading
A Blog About Books and Reading
HarperCollins is also facing an ongoing strike by some 250 unionized employees.
PRH president and COO Nihar Malaviya will become interim CEO as of January 2023.
PRH reiterated its belief that Judge Pan's decision was wrong and that it had intended to appeal.
Judge Pan's decision helps protect that part of the publishing ecosystem that does not fall under the umbrella of the Big Five.
The U.S. Department of Justice called the ruling "a victory for authors, readers, and the free exchange of ideas."
"Once a book with a big advance is in-house ... it gets no special treatment," McIntosh said on the stand.
Dohle suggested on the stand that publishers resembled the "Silicon Valley of media" and compared their work to that of angel investors in business.
"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."
The suit to block the proposed merger is set to begin in a Washington, D.C., court on Monday, August 1.
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.