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+ - Apple Holds Firm as Publishers Settle with Justice Dept. Over E-Book Pricing->

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Nerval's Lobster
Nerval's Lobster writes "The U.S. Department of Justice has just settled with book publisher Macmillan in an ongoing case over the price of e-books, bringing its number of settlements with big-name publishers up to five. Justice claims that those five publishers, along with Apple, agreed to “raise retail e-book prices and eliminate price competition, substantially increasing prices paid by consumers.” Apple competes fiercely in the digital-media space against Amazon, which often discounts the prices of Kindle e-books as a competitive gambit; although all five publishers earn significant revenues from sales of Kindle e-books, Amazon’s massive popularity among book-buyers—coupled with the slow decline of bricks-and-mortar bookstores—gives it significant leverage when it comes to lowering those e-book prices as it sees fit. But Justice and Apple seem determined to keep their court date later this year."
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Apple Holds Firm as Publishers Settle with Justice Dept. Over E-Book Pricing

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