Archive for August 3rd, 2022

Talk about understatement.

That’s how King began his testimony in the case of the government vs the merger of Penguin-Random House and Simon & Schuster.

In case you missed it — here are a few links that summarize King’s 30-minute testimony.

https://www.npr.org/2022/08/02/1115110927/stephen-king-is-set-to-testify-for-the-government-in-books-merger-trial

https://www.marketwatch.com/story/stephen-king-testifies-against-publishers-merger-consolidation-is-bad-for-competition-01659487197?cx_testId=3&cx_testVariant=cx_2&cx_artPos=6&mod=WTRN#cxrecs_s

I think many of us would agree that mergers between 2 giants seldom help any but the mergees (new word; has the sinister tone I was going for). So this is King, who doesn’t need the help, standing up for those who do.

Thanks Mr. King!