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Media Decoder Blog: News Corporation Is Said to Bid for Penguin

Rupert Murdoch’s News Corporation, the parent company of HarperCollins, is exploring a cash bid for Pearson PLC’s Penguin book division, a step that could ignite a bidding war for Penguin as the publishing industry begins to move toward consolidation.

 

Publishers to pay $69 million over e-book price-fixing allegations

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Three major U.S. e-book publishers have agreed to a deal that will see them pay a significant sum for alleged e-book price-fixing. Connecticut State Attorney General George Jepsen yesterday announced that he, "along with 54 attorneys general in other states, districts, and U.S. territories," have signed a $69 million deal with Hachette Book Group, HarperCollins Publishers, and Simon & Schuster (which is owned by CBS, the same company that publishes CNET) to settle antitrust claims over an alleged conspiracy to artificially inflate e-book prices.

 

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