The rumblings about Apple (AAPL) and the possible anticompetitive nature of its deal with book publishers over “agency model” pricing
have turned into an all-out roar, with the news that the Department of
Justice has warned the various parties about an impending antitrust
lawsuit. According to a report in the Wall Street Journal on Thursday,
federal prosecutors have sent letters to Apple and five of the major
publishers notifying them it is pursuing a case for collusion and price
fixing—charges that are similar to class-action lawsuits filed recently involving Apple and book publishers.
While the outcome of this case is not certain, one thing seems fairly
clear: E-book prices are headed downward, whether publishers like it or
not.
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