/Justice Department Intervenes to Stop Merger
Merrick Garland, Barack Obama, Joe Biden via White House Flickr

Justice Department Intervenes to Stop Merger

The Department of Justice (DOJ) on Tuesday filed a major antitrust lawsuit seeking to block a proposed merger of the publishing giants Penguin Random House and Simon & Schuster.

Attorney General Merrick Garland said that the suit was intended to preserve competition and fairness in the U.S. publishing market.

“Books have shaped American public life throughout our nation’s history, and authors are the lifeblood of book publishing in America. But just five publishers control the U.S. publishing industry,” Garland said in a statement.

“If the world’s largest book publisher is permitted to acquire one of its biggest rivals, it will have unprecedented control over this important industry,” he added. “American authors and consumers will pay the price of this anticompetitive merger – lower advances for authors and ultimately fewer books and less variety for consumers.”

Keep reading at The Hill for more.