Antitrust trial puts book publishing industry in the dock

NEW YORK (AP) — The Justice Department’s legal effort to block the merger of book publishing giants Penguin Random House and Simon & Schuster is more than just a showcase for the Biden administration’s tougher approach to corporate consolidation. The trial going on in federal court in Washington is also a rare moment for the publishing industry itself to be placed in the dock. Through the trial’s opening week, industry executives, along with agents and authors such as Stephen King have shared opinions, relived disappointments and revealed financial figures they would otherwise have preferred to discuss privately or confide on background with reporters.