Intentionally Blank cover image

Intentionally Blank

Penguin Random House and Simon & Schuster Merger Trial

Aug 24, 2022
39:27

Podcast summary created with Snipd AI

Quick takeaways

  • The merger between Penguin Random House and Simon & Schuster is being investigated by the Department of Justice due to concerns about violating anti-trust laws and potentially limiting authors' options.
  • To increase diversity in the publishing industry and provide more options for authors, publishing companies should consider alternatives to Amazon and create competitors to platforms like Audible.

Deep dives

The merger of Penguin Random House and Simon & Schuster

There is a discussion about the merger happening between Penguin Random House and Simon & Schuster. This merger would result in the number of major publishing houses decreasing from six to four. It is being investigated by the Department of Justice to determine if it would violate anti-trust laws. Stephen King testified against the merger, expressing concerns about the impact it would have on authors' options. While the short-term effects on readers may not be noticeable, there is a possibility that authors may face challenges with fewer places to sell their books.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode