Why the Feds Want to Stop a Major Publishing Merger

The Department of Justice yesterday sued to block Penguin Random House, the world's largest book publisher, from buying rival Simon & Schuster for more than $2 billion. WSJ's Jeffrey A. Trachtenberg explains how the industry has consolidated in recent years and why the government says it wants to block the deal for the sake of authors. Learn more about your ad choices. Visit megaphone.fm/adchoices