Penguin Random House CEO Markus Dohle is stepping down

Markus Dohle steps down as CEO of Penguin Random House, world's largest trade publisher. Decision comes just weeks after a federal judge blocked the company’s attempt to buy rival Simon & Schuster. He presided over an era of enormous growth, notably the 2012-13 merger with Penguin, and such blockbuster successes as Michelle Obama's “Becoming”
#MarkusDohle #PenguinRandomHouse #“Becoming” #News #Entertainment #Books


2 months ago

Bob Dylan Apologizes for Book-Signing Controversy

The singer-songwriter apologized after a controversy around allegedly hand-signed $599 editions of his new book, The Philosophy of Modern Song. He said using an autopen, which traces one’s signature, “was an error in judgment” Dylan said he is working with Simon & Schuster to “rectify it immediately”
#Dylan #Simon&Schuster #ThePhilosophyofModernSong #News #Entertainment #Art


2 months ago

Bob Dylan apologizes for book controversy in rare public statement - The Washington Post

The legendary musician released a rare public statement Friday following a controversy concerning supposedly autographed copies of his new book, “The Philosophy of Modern Song.” Simon & Schuster, the publisher of Dylan’s book, offered fans the opportunity to purchase a hand-signed special edition for $600.
#BobDylan #TheWashingtonPost #ThePhilosophyofModernSong #News #Entertainment #Art


2 months ago

Bob Dylan regrets ‘error in judgment’ in selling machine-signed special edition books – WHIO TV 7 and WHIO Radio

Iconic singer-songwriter Bob Dylan issued a rare public statement Friday night after it was revealed that “hand-signed” copies of a $600 special edition of his new book, “The Philosophy of Modern Song,” were not individually inscribed. Simon & Schuster, the publisher of the special edition book, is offering refunds.
#BobDylan #WHIO #ThePhilosophyofModernSong #News #Entertainment #Books


2 months ago

Turns out those $600 books signed by Bob Dylan weren't actually signed by Bob Dylan

The Philosophy of Modern Song is Bob Dylan's first book since he won the Nobel Prize for Literature in 2016. It features over sixty essays on songs written by other musicians including Elvis Costello, The Clash, Gregg Allman, Peter Green and Perry Como. Simon & Schuster have refunded customers after it emerged autographed copies weren't signed by Dylan.
#BobDylan #Clash #PhilosophyofModernSong #NobelPrizeforLiterature #News #Entertainment #Books


2 months ago

Paramount Drops Plan to Sell Simon & Schuster to Rivals Penguin Random House

Paramount Global drops plan to sell its Simon & Schuster division to rival publisher Penguin Random House. A US judge blocked the $2.2 billion deal on antitrust grounds. US Justice Department had argued the deal would enable Penguin to “exert outsized influence over which books are published in the United States.
#ParamountGlobal #UnitedStates #News #Entertainment #Books


2 months ago

Penguin Random House scraps $2.2 bln deal to merge with Simon & Schuster

Penguin Random House and smaller U.S. Rival Simon & Schuster have scrapped a $2.2 billion deal to merge. Bertelsmann, a German media group which owns Penguin, initially said it would appeal a judge's decision that said the deal would be illegal because it would hit authors' pay. The Justice Department filed a lawsuit aimed at stopping the deal in November 2021.
#PenguinRandomHouse #German #News #Entertainment #Books


2 months ago

Paramount scraps $2.2bn sale of Simon & Schuster publishing to Penguin

Penguin Random House and rival Simon & Schuster have scrapped a $2.2Bn deal to merge. Bertelsmann, a German media group which owns Penguin, initially said it would appeal a US judge’s decision. The judge said the deal would be illegal because it would hit authors’ pay. The US justice department filed a lawsuit aimed at stopping the deal.
#PenguinRandomHouse #German #News #Entertainment #Books


2 months ago

Bob Dylan's publisher gives $600 refunds for fake ‘hand-signed’ books

‘The Philosophy of Modern Song’ came with a letter from Simon & Schuster CEO Jonathan Karp that vouched for the signature’s authenticity. The statement comes days after several complaints were lodged against the company when purchasers found similarities, via comparisons on social media, between autographs. The books, which hit shelves Nov. 1, were apparently done with a reproduction practice called “autopen.”
#JonathanKarp #Simon&Schuster #PhilosophyofModernSong #News #Entertainment #Books


2 months ago

Bob Dylan publisher sorry for $600 book’s replica autographs

‘Hand-signed” copies of Bob Dylan’s new book were not individually inscribed. ‘The Philosophy of Modern Song’ was published Nov. 1. Simon & Schuster: “We are addressing this immediately by providing each purchaser with an immediate refund”
#BobDylan #Simon&Schuster #PhilosophyofModernSong #News #Entertainment #Books


2 months ago

Simon Schuster and Penguin Random House Merger Deal on the Verge of Collapse - The New York Times

Penguin Random House's deal to buy Simon & Schuster, a rival publisher, is close to collapsing. The deal was already in peril after a federal judge last month blocked the sale from going forward on antitrust grounds. The collapse of the $2.175 billion sale is a major blow to the company's ambitions to expand market share.
#SimonSchuster #News #Entertainment #Books


2 months ago

Simon & Schuster to let sale to Penguin fall apart, sources say

Simon & Schuster will let its $2.2 billion sale to Penguin Random House collapse on Monday, sources say. The acquisition was blocked on Nov. 1 by a federal judge on antitrust grounds. Penguin was unable to convince Simon and Schuster to launch an appeal and extend their deal contract before it expires on Monday.
#Simon&Schuster #News #Entertainment #Books


2 months ago

A chapter ends: Penguin merger with Simon & Schuster stalled

A federal judge blocked the acquisition of rival book publisher Simon & Schuster. The justice department sued last year arguing the tie-up would give Penguin too much leverage over author payouts.
#Penguin #News #Entertainment #Books


3 months ago

5 things to know before the stock market opens Tuesday, November 1

A federal judge blocked Penguin Random House's proposed $2.2 billion takeover of rival publisher Simon & Schuster, which is owned by Paramount Global. The company's results come after shell, Exxon, Chevron and other energy titans posted blockbuster third quarter earnings.
#PenguinRandomHouse #News #Business #Markets


3 months ago

Acquisition of publisher Simon & Schuster by Penguin Random House stopped by US court

The deal was to take place in the form of a merger, stating that competition for publishing rights would be affected “substantially”. The merger would have created a huge publishing conglomerate which, its opponents argued, would reduce competition when publishers bid for the rights to publish a book.
#Simon&Schuster #News #Entertainment #Books


3 months ago

Judge blocks Penguin Random House-Simon & Schuster merger

The ruling was a victory for the biden administration’s tougher approach to proposed mergers. The publisher said it would seek an expedited appeal.
#PenguinRandomHouse #News #Entertainment #Books


3 months ago

US judge blocks $2.2bn Penguin Random House merger

A judge has blocked the planned merger of Penguin Random House with rival Simon & Schuster. The government argued that the deal would harm competition. It would lead to lower advances for authors who earn $250,000 or more.
#PenguinRandomHouse #News #Entertainment #Books


3 months ago

Penguin Random House’s Bid to Acquire Simon & Schuster Blocked by Judge - The New York Times

The government argued that the merger would leave authors with fewer options for getting their work published, lead to lower advances for writers and even cause a reduction in the number and diversity of titles published. The justice department’s focus on author earnings, rather than harm to consumers, marked a shift in how the government applies antitrust law.
#PenguinRandomHouse #News #Entertainment #Books


3 months ago

Buzzing #HashTags