Stephen King testifies against Penguin's proposed $2 billion merger

Bloomberg reports that author Stephen King has testified against Penguin Random House's $2.18 billion acquisition of Simon & Schuster. The best-selling author reportedly argued that the proposed acquisition would weaken competition in the publishing industry. On August 2, King appeared as a government witness in the Justice Department's antitrust suit attempting to block the billion dollar deal. According to King, consolidation in the publishing industry has led to lower pay for authors over the course of his long career.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting