Wednesday, April 11, 2012

DOJ files suit against publishers

The Washington Post just upped a story about this... Here's some goodies.

In March, antitrust officials told Apple and the five publishers that they appear to be price-fixing and that the Justice Department would sue them unless they agreed to change their business practices.
 Bloomberg reported that Simon & Schuster, Hachette and HarperCollins could settle with the government as soon as Wednesday.
 Penguin Group was also reported to be preparing to go to court over the issue, Bloomberg said.
Apple and Macmillan have denied that they colluded to raise prices and argued that the deals between Apple and the publishers helped boost competition in the e-book market, according to Bloomberg.
Don't overcharge...don't collude to fix prices...don't piss off the customer. How simple is that to get? Apparently, the two biggest sins (Greed and Stupidity) over-ride all these simple rules. Personally, I hope there's a lot of people nailed to walls followed by the sounds of lamenting teeth being gnashed.

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