Yes, the pending trial is serious business, with a lot of money and the power structure of big publishing on the line, but for many of us, it’s a first-time encounter with understanding (and having to explain to your family) “monopsony”– which, after a weekend spent with hundreds of pages of legal documents, starts sounding a lot like the unforgettable Sesame Street song. In their original complaint, the DOJ alleges that allowing PRH to acquire S&S “would likely result in substantial harm to authors” by “leaving hundreds of authors with fewer alternatives and less leverage.” They suggest that the combined […]
