DOJ Won Antitrust Victory by Arguing Publishing Merger Would Harm Top Authors

Antitrust is having a moment. From both the left and the right, politicians clamor for new tools and enforcement to maintain a spirit of competition in the U.S. economy. While many focus on Big Tech, one of the Biden administration’s first big swings in a more aggressive antitrust enforcement regime took aim at a decidedly un-techy industry: book publishing. In a sealed ruling issued on Oct. 31, a federal judge sided with the government and blocked the merger of Penguin Random House and Simon & Schuster. While the country’s attention was focused on the midterm elections, Judge Florence Pan unsealed…