Penguin Random House, Simon & Schuster merger blocked
3 November 2022
The proposed merger of book publishers Penguin Random House and Simon & Schuster has been blocked — at least for now — by the U.S. District Court. The idea, first mooted in late 2020, has drawn the ire of many in the publishing industry, who fear the combined entity, and the influence it could wield, would be detrimental to authors and readers alike.
But it was still a dramatic departure from recent history in the book world and beyond. The publishing industry has been consolidating for years with little interference from the government, even when Random House and Penguin merged in 2013 and formed what was then the biggest publishing house in memory. The joining of Penguin Random House and Simon & Schuster would have created a company far exceeding any rival and those opposing the merger included one of Simon & Schuster’s signature writers, Stephen King, who testified last summer on behalf of the government.