The Department of Justice sued five major publishers and Apple this week, alleging that they colluded to fix eBook prices.
The decision generated responses around the industry. Authors Guild president Scott Turow wrote:
The settlement provides a gigantic obstacle to Amazon’s competitors in the e-book business by allowing Amazon to function without making a profit, something that leaves that market forbidding to anyone else who might think of entering, and a bad business for those already there. Today’s low Kindle book prices will last only as long as it takes Amazon to re-establish its monopoly. It is hard to believe that the Justice Department has somehow persuaded itself that this solution fosters competition or is good for readers in the long run.
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