Oct 31 2022
A Federal Court has blocked Penguin Random House's acquisition of rival Big Five publisher Simon & Schuster. At press time, Judge Florence Y. Pan's opinion was not yet public as the parties still need to agree on redactions to protect confidential information, but in a brief two page order Pan enjoined the merger.
"Upon review of the extensive record and careful consideration of the parties’ arguments, the Court finds that the United States has shown that 'the effect of [the proposed merger] may be to substantially lessen competition' in the market for the U.S. publishing rights to anticipated top-selling books," Pan's order states. "Accordingly, judgment shall be entered in favor of the Plaintiff and the merger shall be enjoined."
The parties now have until November 4 to file proposed reactions, after which the court will issue a public version of Pan's Memorandum Opinion.
The Flower Sisters
by Michelle Collins Anderson
From the new Fannie Flagg of the Ozarks, a richly-woven story of family, forgiveness, and reinvention.
The House on Biscayne Bay
by Chanel Cleeton
As death stalks a gothic mansion in Miami, the lives of two women intertwine as the past and present collide.
The Funeral Cryer by Wenyan Lu
Debut novelist Wenyan Lu brings us this witty yet profound story about one woman's midlife reawakening in contemporary rural China.
Your guide toexceptional books
BookBrowse seeks out and recommends the best in contemporary fiction and nonfiction—books that not only engage and entertain but also deepen our understanding of ourselves and the world around us.
