[Small Chirp] Publishers conspire to overcharge for ebooks?

The US Department of Justice has hit Apple and five of the nation’s largest publishers with an antitrust lawsuit, alleging that they colluded to bump up the price of new ebooks, costing consumers millions.¬†Publisher control over retail prices is made possible by a shift towards a pricing model where publishers set book price and retailers take a commission.¬†The conspiracy itself is purportedly aimed at Amazon, which tends to price ebooks at $9.99–three to five dollars under the price rise ($12.99-14.99) the publishers allegedly caused.

Publishers involved:

  • Hachette
  • HarperCollins
  • Simon & Schuster
  • Macmillan
  • Penguin

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