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Penguin Random House

Paramount Scraps Simon & Schuster Sale to Penguin Random House, Will Get $200M Kill Fee

Paramount Global is abandoning plans to sell book Simon & Schuster to Penguin Random House, putting the book-publishing giant back on the market for another suitor, according to a securities filing. The $2.175 billion deal was blocked on Oct. 31 when a federal judge found that combining two of the world’s largest book publishers violates […]

Stephen King in Books Merger Trial: “Consolidation Is Bad for Competition”

Bestselling author Stephen King gingerly stepped up to the witness stand Tuesday in a federal antitrust trial. Tracing his own history, he laid out a portrait of a publishing industry that has become increasingly concentrated over the years, while richly rewarding his creative endeavors. “My name is Stephen King. I’m a freelance writer,” King said as he […]

Stephen King Set to Testify for Government In $2.2B Books Merger Trial

As the Justice Department bids to convince a federal judge that the proposed merger of Penguin Random House and Simon & Schuster would damage the careers of some of the most popular authors, it is leaning in part on the testimony of a writer who has thrived like few others: Stephen King. The author of […]