Please assign a menu to the primary menu location under menu

News

Supreme Court takes Jack Daniel’s case; Publishing merger officially kaput



The Supreme Court said Monday it will hear a dispute over a dog toy that got whiskey maker Jack Daniel’s barking mad.

Jack Daniel’s had asked the justices to hear its case against the manufacturer of the plastic Bad Spaniels toy. The toy mimics the Jack Daniel’s bottle and label but is a parody. While the original bottle has the words “Old No. 7 brand” and “Tennessee Sour Mash Whiskey,” the parody proclaims: “The Old No. 2 on Your Tennessee Carpet.”

The case won’t be argued until early 2023 with a decision expected before the court leaves for its summer recess.

Publishing merger officially kaput

Simon & Schuster’s corporate parent has officially ended the agreement for Penguin Random House to purchase the publisher, a proposed sale a federal judge already had blocked last month.

Paramount Global also announced Monday that it still plans to sell Simon & Schuster, a nearly century-old company where authors include Stephen King, Colleen Hoover and Bob Woodward.

“Simon & Schuster remains a non-core asset to Paramount, as was determined in early 2020 when Paramount conducted a strategic review of its assets,” Paramount announced. “Simon & Schuster is a highly valuable business with a recent record of strong performance, however it is not video-based and therefore does not fit strategically within Paramount’s broader portfolio.”

Other members of book publishing’s so-called “Big Five” — which include Penguin Random House, Simon & Schuster, HarperCollins Publishing, Hachette Book Group and Macmillan — may now try for Simon & Schuster.



Source link