The printed page has seen better days.
To improve their chances in a struggling industry, two of the largest companies in the business of printing and distributing magazines, books and catalogs last year agreed to a merger deal that was expected to close in the next few months.
Not so fast, the Justice Department said.
In a lawsuit filed last week in federal court in Chicago, the Justice Department asked for a halt to Quad/Graphics’s planned $1.4 billion purchase of LSC Communications. Lawyers in the department’s antitrust division argued that the merger would decrease competition and drive up prices.