The CEO of Penguin Random House, the world’s largest trade publisher, is stepping down after its purchase of Simon & Schuster was blocked by a federal judge
The CEO of Penguin Random House, the world’s largest trade publisher, is stepping down. Markus Dohle’s decision, effective at the end of the year, comes just weeks after a federal judge blocked the company’s attempt to buy rival Simon & Schuster.
Dohle will be succeeded, on an interim basis, by Nihar Malaviya, 48, currently president and COO of Penguin Random House. In 2015, PEN America honored Dohle for his “commitment to defending free expression and access to literature.” He has since personally donated $500,000 and with PEN formed the Dohle Book Defense Fund to fight book banning efforts.
One of Dohle’s biggest achievements, ironically, was avoiding an earlier government antitrust suit: In 2012, Random House was the only top New York publisher not sued by the Justice Department for allegedly conspiring with Apple to fix e-book prices. Dohle had not yet agreed to terms with Apple, which had launched an e-book store in hopes of competing with Amazon.
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