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Inside Book Publishing's Merger Mania – and Why Antitrust Laws Won't Slow It Down

Inside Book Publishing s Merger Mania – and Why Antitrust Laws Won t Slow It Down
TheWrap
5 days ago
© TheWrap
Penguin Random House Simon and Schuster
A lot of the talk and the fear and the anger is about things that are none of the business of the law, one merger expert says
Move over, Hollywood. Merger mania has come for the book publishing industry.
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On the tail of massive acquisitions in the entertainment and media space, such as AT&T s $85 billion purchase of Time Warner in 2018, thew 2019 re-merger of ViacomCBS and Disney s $71 billion acquisition of 21st Century Fox in 2019, major book publishers are embarking on their own consolidations in an effort to cement their place in an increasingly competitive environment. But are any of these major acquisitions anti-competitive, as critics have argued? ....

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Cory Doctorow: Qualia

Photo by Paula Mariel Salischiker
Last summer, the pandemic was in its first wave and the nation was in chaos. A lack of federal leadership left each state to figure out how to interpret the science, and many states punted public health decisions to counties or cities or even smaller units, like universities.
Leaders, left to their own, often winged it, letting wishful thinking trump prudence in the drive to find ways to “reopen safely.” The novelty of the virus and the chaos of the response opened a space for all kinds of experts to weigh in on the best way to balance conflicting imperatives and evidence. ....

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