5 September 2022
The three-week trial over Penguin Random House's $2.2bn merger with Simon & Schuster has caused widespread debate in the UK trade over the role of advances and the Department of Justice's "absurd" focus on high-earning authors.
An antitrust case brought by the Department of Justice ended on 19th August in Washington DC, with the US government arguing the merger would drive down advances but PRH claiming it would actually increase competition. Post-trial briefs will now be submitted by both sides before Judge Florence Pan announces her verdict.