PRH US ceo Madeline McIntosh testified for a good portion of Monday in the DOJ antitrust trial, spending much of her time on a level-headed explanation of many of the financial, strategic and procedural nuts and bolts of publishing. There were a lot of numbers, but one number stood as representing just how big PRH already is as a company. McIntosh approves all advances at the company of $1 million or more, and annually, “on average, I directly approve about 200” such deals. So of the approximately $1 billion market the government says ATSB represent — and the roughly $370 […]
