The antitrust trial took a pretty striking turn on Monday afternoon for anyone trying to gauge where the case actually stands as it enters its third and likely final week. The defense was questioning their economic expert, Yale professor Dr. Edward Snyder, who was duly explaining why he believes the government’s expert Dr. Nicholas Hill […]
Jessica Preeg has been promoted to publicity director at Simon Element.
Julian Barnes, Édouard Louis and Danielle Steele lead this week’s fiction releases, while nonfiction includes new work from Chris Mooney and James Patterson. 19 works of fiction https://bookshop.org/lists/new-fiction-publishing-august-16 https://shop.aer.io/publishers_lunch/cl/New_Fiction_Publishing_August_/224054 8 nonfiction titles https://bookshop.org/lists/new-nonfiction-publishing-august-16 https://shop.aer.io/publishers_lunch/cl/New_Nonfiction_Publishing_August_/224055 We consult a number of sources in compiling our weekly lists and PM members can see our lists for the coming three […]
To continue the extensive baseball metaphors, the DOJ v. PRH antitrust trial enters its home stretch this week, with parties scheduled to deliver closing arguments on Friday. We’ve written well over 20,000 words about the trial since the proceedings started (and that does not count any of the court transcripts we have attached for further […]
Most of ViacomCBS executive Alex Berkett’s testimony on Monday morning was in closed session. But he confirmed for the record that the final three bidders for Simon & Schuster were PRH, Vivendi and HarperCollins. The other invited bidders in the first round were “another strategic buyer” (e.g. a company in publishing), and a financial buyer, […]
Yesterday PRH svp of M&A Manuel Sansigre, who has reviewed 100 possible acquisitions at PRH and closed 26, testified on the details of developing PRH’s bid and “efficiencies model” for S&S. His testimony resumed Tuesday morning. When Viacom announced the sale of S&S in March 2020, Sansigre’s team began creating an efficiency model—analyzing duplications between […]