Episode 132: What does the Failed Penguin Random House/Simon & Schuster Merger Mean?

Last week, the U.S. Federal Government sued to prevent Penguin Random House from purchasing one of their biggest competitors, Simon & Schuster. This is a stark change in federal policy after years of happily allowing Hachette, HarperCollins, and others to acquire their biggest competitors. As well, as six years ago when Penguin and Random House merged themselves. What does it mean?