Penguin Random House boss resigns after Simon & Schuster deal fails

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Penguin Random House boss resigns after Simon & Schuster deal fails
Belgique Dernières Nouvelles,Belgique Actualités
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The merger of the publishing giant with rival Simon & Schuster was scuppered by competition concerns.

Penguin Random House boss Markus Dohle had worked for Bertelsmann in various roles since 1994

Markus Dohle will step down at the end of the year, the company said, adding that he was parting at "his own request and on the best of mutual terms". "Following the antitrust decision in the US against the merger of Penguin Random House and Simon & Schuster, I have decided, after nearly 15 years... to hand over the next chapter of Penguin Random House to new leadership," Mr Dohle said.

Simon & Schuster's roster of writers includes Stephen King, Jennifer Weiner and former US presidential candidate Hillary Clinton.

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