Here’s what you need to know about publishing’s unprecedented antitrust lawsuit.
How are the publishers defending the deal?
They also contend that a larger, more efficient company would reduce book prices, ultimately benefiting readers, booksellers and authors. On Tuesday, Karp, Simon & Schuster’s CEO, pushed back against the government’s emphasis on auctions between his company and Penguin Random House that had raised advances, noting the many auctions he’d lost to other publishers as well.
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