In fantastic news for authors and the publishing industry, Penguin Random House is NOT going to appeal the court's decision to block its acquisition of Simon & Schuster. This merger would have seen two of the 'Big 5' publishing corporations combined, giving the new company a dangerous amount of influence on publishing worldwide, having a detrimental effect on authors' payments and readers' choices. SO GLAD IT'S SCRAPPED FOR GOOD.

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PRH, S&S deal scrapped | Books+Publishing

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