Discover and read the best of Twitter Threads about #DOJvPRH
Most recents (9)
DOJvPRH: Petrocelli: PRH fields thousands of submissions a year. This does not trigger some system of oversight. There is no czar of coordination. Why would they impose rules on something they had decided was beneficial to their business.#DOJvPRH
DOJvPRH: Petrocelli points out that post-merger there are still three other large publisher who will "fight fiercely" for books, and there are many other resourced publishers that already exist who can fill any void left by the merger...any book is new, unknown in value. #DOJvPRH
DOJvPRH: S&S Fishbein: DOJ says advances will fall by $100k, that's a lot, but it doesn't make sense. Books are not commodities. "Best bid gives you one chance and if you get it wrong, you can no longer say you have the king of the singer-songwriters." [ref Springsteen] #DOJvPRH
DOJvPRH: Good morning! Ed Snyder is back in the dock. DOJ asks about bid coordination internally at PRH and Judge Pan points out that Madeline McIntosh said she want's to curtail imprints bidding against each other and PRH has appointed an employee to monitor bids. #DOJvPRH
DOJvPRH: Judge Pan to Snyder: "[PRH] appointed something to coordinate bids internally. There is testimony to that effect. There are emails from different editors saying ‘let’s go up this amount or let’s all bid the same amount-- that doesn’t affect your analysis?" #DOJvPRH
DOJvPRH: First, sorry about the typos! Next, Snyder insists editors are highly competitive with each other, but - me here - this is such a narrow, high-profile part of the business. The most entrepreneurial editors groom their own authors, don't rely 100% on agents. #DOVvPRH
Back! "The defense calls Sally Kim, who is the publisher of Putnam." #DOJvPRH
Another decoder sheet! Cannot wait.
I do like seeing how many witnesses have water bottles. Just plain smart. #DOJvPRH
We're back! Charles Duhigg for the defense. #DOJvPRH
"Mr. Duhigg, do you have a job?" #DOJvPRH
Yes, he does, and is describing his career in journalism now. #DOJvPRH
Why would someone go with Norton at a lower advance?
"Because we're fabulous!" says Glusman, who adds that he's "being quite facetious" about this. #DOJvPRH
"Because we're fabulous!" says Glusman, who adds that he's "being quite facetious" about this. #DOJvPRH
"And a result of Norton's reputation in the industry. . . Nortons ometimes wins as the underbidder even when bidding against Big Five publishers?"
"Correct." #DOJvPRH
"Correct." #DOJvPRH
Judge Pan stops Walsh in her tracks by clarifying that hoping for bestsellers and expecting bestsellers are different, and the questions here are about expectations, NOT hopes. #DOJvPRH
Walsh says, in discussing the work publishers put into each book, says it’s not as if some authors get paper plates and others get fine China. #DOJvPRH
BUT THEN she tells us that different authors have different needs. Some authors, e.g., need first-class air travel
Do those flights use paper plates?
#DOJvPRH
Do those flights use paper plates?
#DOJvPRH
Eating my tuna sammie and wondering where Jennifer Rudolph Walsh is having lunch. . . Sushi Taro takeout? Limo to BLT Steak? #DOJvPRH
Just spoke with my lovely editor and I am definitely gathering the right stuff to file, even if not to tweet! I promise to BRING IT tomorrow through Monday, when PRH’s Madeline McIntosh takes the stand (and I will still be on the case!). #DOJvPRH
And we’re back! Jennifer Rudolph Walsh begins by talking about some of her big sales. . . Sue Monk Kidd, Jeannette Walls, “and all of Brené Brown.” #dojvprh
Taking 15 minutes to pay attention to imprint talk, back soon. #DOJvPRH
Ok, so here’s what Hill is saying, ultimately: A MERGER CHANGES THE WAY PARTIES COMPETE. Surprise! #DOJvPRH
NB my grades in undergrad micro and macro were quite low. #DOJvPRH
Threading #DOJvPRH tweets!
“A vast amount of this information isn’t public knowledge?”
Hill: “Yes, but the winner is always known!”
“A vast amount of this information isn’t public knowledge?”
Hill: “Yes, but the winner is always known!”
The one thing that’s clear is analysis of edit minutes cannot show the runner up. OK.
And neither big publisher has good data about the runners up. They may use “different language” as Hill says — but no one has enough data, basically.
