Macmillan, sole e-book publishing holdout, settles with Justice

Back in December, Penguin became the penultimate publisher to settle with the United States Department of Justice (DOJ) in the alleged e-book price-fixing scheme. On Friday, Macmillan and the DOJ came to a settlement agreement, leaving only Apple in the government’s sights. Macmillan has agreed to other sales restrictions, including a prohibition until December 2014 on entering into new discounting agreements for e-book titles. As others who have agreed to similar settlements, Macmillan must regularly report to the DOJ on future e-book ventures and any communications it has with its rivals. “As a result of today’s settlement, Macmillan has agreed to immediately allow retailers to lower the prices consumers pay for Macmillan’s e-books,” said Jamillia Ferris, chief of staff and counsel at the Department of Justice’s Antitrust Division, in a statement. “Just as consumers are already paying lower prices for the e-book versions of many of Hachette’s, HarperCollins’ and Simon & Schuster’s new releases and bestsellers, we expect the prices of many of Macmillan’s e-books will also decline.” Read 4 remaining paragraphs |

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Macmillan, sole e-book publishing holdout, settles with Justice

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Friday, February 8th, 2013 Net News

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