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.

https://www.booksandpublishing.com.au/articles/2022/11/22/223681/prh-ss-deal-scrapped/

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