Thursday, April 19, 2012

E-book overkill

Justice Dept. trustbusters should've left Apple and book publishers alone.

The Justice Department filed suit last week againstApple Inc.and two major book publishers, Macmillan and Penguin Group USA, accusing them of colluding in 2010 to raise the prices of e-books. Three other publishers that were investigated — Hachette, Simon & Schuster and HarperCollins — agreed to a settlement, which Sharis A. Pozen, the acting director of the Justice Department's antitrust division, said "will begin to undo the harm caused by the companies' anticompetitive conduct, and will restore price competition so that consumers can pay lower prices for their e-books."


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