{"id":1131,"date":"2022-04-10T11:46:46","date_gmt":"2022-04-10T11:46:46","guid":{"rendered":"https:\/\/momstime.org\/en\/?p=1131"},"modified":"2023-08-06T11:28:30","modified_gmt":"2023-08-06T11:28:30","slug":"578-us-department-of-justice-files-a-lawsuit-against-penguin-random-house-the-largest-publisher-in-the-united-states","status":"publish","type":"post","link":"https:\/\/karimilawfirm.com\/en\/news-en\/578-us-department-of-justice-files-a-lawsuit-against-penguin-random-house-the-largest-publisher-in-the-united-states\/","title":{"rendered":"U.S. Department of Justice files a lawsuit against Penguin Random House, the largest publisher in the United States"},"content":{"rendered":"<p dir=\"ltr\"><a href=\"https:\/\/www.karimilawfirm.com\/en\">Karimi &amp; Associates Law Firm<\/a>\u00a0presents according to\u00a0<a href=\"https:\/\/www.nytimes.com\/2021\/11\/02\/books\/penguin-random-house-simon-schuster-merger-lawsuit.html\">The Newyork Times<\/a>:<\/p>\n<p dir=\"ltr\">The US Department of Justice (DOJ) sued Penguin Random House, a well-known publisher in United States, to stop it from acquiring its rival Simon &amp; Schuster.\u00a0 Penguin Random House is to be considered as the largest publisher in the United States as well as it operates more than 300 imprints worldwide and has 15,000 new releases a year. With its $2.18 billion proposed acquisition of Simon &amp; Schuster, Penguin Random House was taking a step forward to become substantially larger.<\/p>\n<p dir=\"ltr\">The antitrust lawsuit in question, filed in the United States District Court for the District of Columbia, argues that the acquisition, would be detrimental to authors and result in lower advances since it would merge two publishers that are often the final bidders on the same books.<\/p>\n<p dir=\"ltr\">\u201cIf the world\u2019s largest book publisher is permitted to acquire one of its biggest rivals, it will have unprecedented control over this important industry,\u201d Attorney General Merrick B. Garland said in a statement concerning the lawsuit. \u201cAmerican authors and consumers will pay the price of this anti-competitive merger \u2014 lower advances for authors and ultimately fewer books and less variety for consumers.\u201d<\/p>\n<p dir=\"ltr\">In response to the Justice Department\u2019s decision, a joint statement has been issued by the Penguin Random House and Simon &amp; Schuster stating that Penguin Random House had not planned \u201cany reduction in the number of books acquired or in amounts paid for those acquisitions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karimi &amp; Associates Law Firm\u00a0presents according to\u00a0The Newyork Times: The US Department of Justice (DOJ) sued Penguin Random House, a well-known publisher in United States, to stop it from acquiring its rival Simon &amp; Schuster.\u00a0 Penguin Random House is to be considered as the largest publisher in the United States as well as it operates more than 300 imprints worldwide and has 15,000 new releases a year. With its $2.18 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.7 (Yoast SEO v21.1) - 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