According to The New York Times, Steven King, well-known author, testified as a witness for the government in its lawsuit to stop the merger of two of the largest publishers.
Questions:
- What is the amount of the proposed acquisition?
- Who are the two publishers and which one is acquiring the other in this consolidation?
- How does Mr. King’s testimony illustrate the government argument that consolidation in the publishing industry has hurt authors and the industry? Discuss and give examples.
- What does the word “imprint” mean as it is used in this article?
Source:
Bednar, A. (2022). Stephen King Testifies That Merger Between Publishing Giants Would Hurt Writers. The New York Times, August 2 (Retrievable online at https://www.nytimes.com/2022/08/02/business/stephen-king-penguin-random-house-antitrust-testimony.html)