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Old 11-06-2012, 12:18 PM   #1
fjtorres
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Authors' Guild wants Government action on Random Penguin

http://blog.authorsguild.org/2012/11...-random-house/

Quote:
Although Random House has said that the combination would control 25% of the book market, that appears to significantly understate things. The companiesí share of the U.S. trade book market for fiction and narrative non-fiction likely exceeds 35%. Their share in certain submarkets is no doubt even higher. The merger merits close scrutiny from antitrust officials at the Justice Department or the FTC.
So a conspiracy to raise prices on consumers is a misapplication of antitrust law because publishing is a "special snowflake" but combining market power to squeeze more money out of authors merits antitrust action.

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