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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:

  1. What is the amount of the proposed acquisition?
  2. Who are the two publishers and which one is acquiring the other in this consolidation?
  3. 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.
  4. 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)

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