Author King testifies for US in publishers merger trial
WASHINGTON — Best-selling author Stephen King gingerly stepped up to the witness stand Tuesday in a federal antitrust trial. Tracing his own history, he laid out a portrait of a publishing industry that has become increasingly concentrated over the years while richly rewarding his creative endeavors.
“My name is Stephen King. I’m a freelance writer,” King said as he began his testimony as a witness for the Justice Department. The government is bidding to convince a federal judge that the proposed merger of Penguin Random House and rival Simon & Schuster, two of the world’s biggest publishers, would thwart competition and damage the careers of some of the most popular authors.
King has been published for years by Simon & Schuster. Some of his former publishers were acquired by larger ones. The $2.2 billion merger of Penguin Random House, the biggest US publisher, and fourth-largest Simon & Schuster would reduce the “Big Five” US publishers to four.
King’s appearance in US District Court in Washington — highly unusual for an antitrust trial — brought a narrative of the evolution of book publishing toward the dominance of the Big Five companies. As government attorney Mel Schwarz walked King through his history starting as a new, unknown author in the 1970s and his relationships with agents and publishers, King homed in on a critique of the industry as it is now.
Wearing all gray — suit, shoes, and tie — King crisply answered Schwarz’s questions, with some moments of humor and brief flashes of gentle outrage, as he testified during the second day of the trial expected to last two to three weeks.
King’s displeasure about the proposed merger led him to voluntarily testify for the government.
“I came because I think that consolidation is bad for competition,’’ King said. The way the industry has evolved, he said, “It becomes tougher and tougher for writers to find money to live on.
“The Big Five are pretty entrenched,’’ he said.
King expressed skepticism toward the two publishers’ commitment to continue to bid for books separately and competitively after a merger.
In another surprising move, attorney Daniel Petrocelli representing the companies told King he had no questions for him and demurred on a cross-examination.
Turning out around 60 bestsellers starting from his first book in 1974, King has thrived like few other writers. The author of “Carrie,” “The Shining,” and many other favorites, King has willingly — even eagerly — placed himself in opposition to Simon & Schuster, his longtime publisher. He was not chosen by the government just for his fame, but for his public criticism of the $2.2 billion deal announced in late 2021.