Thomas Rabe, chief executive of Penguin's German owner Bertelsmann, expressed full confidence in Malaviya, who he said had a chance of permanently becoming CEO.
In hearings held in August, the government argued that the largest five publishers control 90% of the market, and a combined Penguin and Simon & Schuster would control nearly half of the market for publishing rights to blockbuster books while its nearest competitors would be less than half its size.
Thomas Rabe, chief executive of Penguin's German owner Bertelsmann, expressed full confidence in Malaviya, who he said had a chance of permanently becoming CEO.
In hearings held in August, the government argued that the largest five publishers control 90% of the market, and a combined Penguin and Simon & Schuster would control nearly half of the market for publishing rights to blockbuster books while its nearest competitors would be less than half its size.
