Over the course of the trial that ensued, publishers would continue to insist on their existing public image as helpless incompetents at the whims of larger companies and an irrational market. The government, meanwhile, stuck to the narrative that the publishers were savvy operators who knew exactly what they were doing with their billion-dollar companies. The question of which story was most convincing will help decide the future of American antitrust law.
The Justice Department is suing to block Penguin Random House and Simon & Schuster’s proposed merger. The publishers’ defense hinged on their own incompetence.
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