The DOJ used an unusual legal strategy to stop the merger of two major publishing houses — with help from Stephen King.
. But what is new is a monopsony case focused on the highest-paid sellers. The closest analogue available for Judge Pan to cite was a case about two regional California movie theater chains, in which one chain amassed market power for “industry anticipated top-grossing films.
Like highly-paid authors, large publications like ESPN.com and large advertisers like Ford are not the most sympathetic victims. Things are even worse when the victims are ad exchange companies with names unknown to the public. Aware of these potential limits to public and judicial empathy, both lawsuits connect the harms alleged here to consumer welfare. The DOJ alleges that a smaller publishing world would lead to fewer and less diverse titles available for the reading public to consume.
But reading the legal materials, it’s hard not to feel that these arguments are afterthoughts; consumer welfare occupied two out of 160 pages of the DOJ’s brief and three out of 130 pages of the state AGs’ brief. And in truth, theyafterthoughts. What’s really going on here is a fight against consolidation. The government believes that consumers will benefit if it wins this fight, but not in a way that legal analysis is well-suited to evaluate.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The DOJ is reportedly investigating rent-setting software company RealPageThe company has been accused of driving up rent.
Read more »
Trump braces: Tax returns going to Congress as Pence mulls DOJ interviewThe Supreme Court allowing Trump’s elusive tax returns to be turned over to Congress. Trump lashing out, slamming the Supreme Court for the decision writing “Shame on them!”. It comes as The New York Times reports the Department of Justice is seeking to question Mike Pence in its January 6th criminal investigation. The Times reporting Pence is open to considering the request. Former federal prosecutor Renato Mariotti and “The Guardian” reporter Hugo Lowell join “The Beat.”
Read more »
C.E. King rallies past Hightower for playoff victoryThe Panthers advance to their first region final with the victory and await Katy, their...
Read more »
Will The Crown’s New Season Hurt King Charles?“The Crown continues to tilt the Diana-Charles dynamic strongly in [Diana’s] favor,” says royal expert Sally Bedell Smith, pointing to the Diana scandals omitted from the season.
Read more »
Accused Burger King killer Winston Glynn compares himself to Jesus and MandelaWinston Glynn, who has been accused of killing a Burger King cashier in East Harlem during a $100 robbery, maintained his innocence in an exclusive jailhouse interview with The Post.
Read more »