Penguin Random House’s attorneys responded today to the Department of Justice’s efforts to block its acquisition of Simon & Schuster, attacking the government’s main complaint, that the purchase would “likely result in substantial harm to authors of anticipated top-selling books and ultimately, consumers.” In filing its suit to block the deal November 2, the DOJ said that a combined PRH-S&S, along with HarperCollins, “would collectively control more than two-thirds of this market, leaving hundreds of authors with fewer alternatives and less leverage.” PRH attacks this charge on several levels and begins by calling the theory of a “top-selling” category “fiction,” noting that the government doesn’t even identify what size of an advance it is referring to. “The publishing industry does not divide the market for book rights into distinct categories based on the author’s compensation for the book,” PRH’s lawyers said.” “The royalty advance for a proposed book is driven mainly by the reader demand a particular editor anticipates for that particular book.”
Dear Industry Member:
It’s not too late to sign up and take part in ACMA’s upcoming series of legislative meetings with Members of Congress on Capitol Hill on Oct. 4-5, 2023. Our industry is facing multiple threats across postal, tax, consumer privacy, and trade policy matters. ACMA has an aggressive plan to push back on this but it requires companies to engage with Congressional offices to educate and build support for our positions. Otherwise, the excessive cost and regulatory burdens will only continue.
Why These Meetings Matter
Given the current appetite for bill passage in Congress and in light of an election year on the horizon, our goal is to get these voted out of committee with a large number of cosponsors, then for several large pieces of moving legislation to serve as vehicles to secure passage. Specifically, from now through the end of the year, Congress will be working on such must-pass legislation, including bills to provide government funding, appropriations, and most likely a tax-extenders package.
Pulling together a sizable group to meet with Members of Congress in early October will impact the outcome for our collective advantage. Your time out of the office will be minimal. Non-member companies are welcome and encouraged to participate.
Here is the agenda:
- Arrive in Washington by noon
- Working group luncheon
- Afternoon meetings (set up by ACMA) with Congress on Capitol Hill
- Evening group dinner and recap
- Early working breakfast
- Morning meetings with Congress on Capitol Hill
- Early afternoon departures
General Focus of the Meetings:
- Establish or re-establish relationships with Congressional staff (mostly) from committees of interest to ACMA’s primary areas of focus.
- Share company stories on how our key areas of focus – privacy, sales tax, postal, possibly trade/tariffs where appropriate – and how they impact ACMA merchant and supplier members.
- Press for support of privacy and sales tax bills where/if appropriate.
While we had a successful 16th Annual National Forum in May, including more than 40 meetings between attendees and Members of Congress on May 3rd, engagement in Washington cannot be a “one and done” but rather an ongoing relationship you build and sustain.
No Fee – Just Come At Your Cost
In lieu of a registration fee, all meals will be “Dutch.” ACMA is providing the structure for the prep sessions, setting up the Hill meetings, and suggesting area hotels to lodge at. Attendees just cover their own costs individually.
Simple Response Requested
If you’d like to join us, just send a quick reply to this email indicating the following:
- Your full contact information, company, title, etc.
- List all of your company’s addresses so we can match you up with as many Members of Congress in your districts as possible. These include your corporate HQs, fufillment centers, sales offices, and areas of clusters of employee homes.
- Include an approximate employee headcount at your company.
We will then be back in touch with all details you’ll need.
Please join us. We need numbers! Let us know we can count on your presence today.