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Thursday, 8 March 2012 - U.S. may sue Apple, publishers on e-book pricing: report |
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Anthony De Rosa goes through all the new features, which include a retina display, 4G LTE capabilities, a faster processor and a better camera.  Video  Apple unveils newest iPad Follow Reuters Facebook Twitter RSS YouTube Read Strong solar storm heading for Earth 5:57am EST U.S. may sue Apple, publishers on e-book pricing: report 10:15am EST Apple lifts lid on 4G iPad, keeps prices | 07 Mar 2012 California man arrested in killing of girlfriend with cannon 06 Mar 2012 Greece optimistic as bond swap deadline nears 11:06am EST Discussed 157 Obama warns against ”loose talk” of war on Iran 104 Three Occupy Oakland protesters charged with hate crimes 77 Obama mulls giving Moscow data on missile defense Watched Concept cars shine in Geneva Wed, Mar 7 2012 U.S. Navy kicks off rail gun tests with a bang Tue, Feb 28 2012 Apple unveils newest iPad Wed, Mar 7 2012 Wealth and Investing Center U.S. may sue Apple, publishers on e-book pricing: report Tweet Share this Email Print Related News Apple unveils 4G iPad 8:24am EST Apple's next iPad may boost 4G demand Wed, Mar 7 2012 Apple's next iPad may be a 4G game changer Tue, Mar 6 2012 Investors roll the dice as Apple's value booms Tue, Mar 6 2012 China higher court hears Apple's iPad appeal Wed, Feb 29 2012 Analysis & Opinion Can Matter succeed? Muslim Brotherhood founder’s brother questions the movement’s ideas Related Topics Tech » Money » Media » A man shows an example of an iBook textbook on an iPad after a news conference introducing a digital textbook service in New York January 19, 2012. Apple Inc unveiled a new digital textbook service called iBooks 2 on Thursday, aiming to revitalize the U.S. education market and quicken the adoption of its market-leading iPad in that sector. During the event, Apple also introduced tools to craft digital textbooks and demonstrated how authors and even teachers can create books for students. Credit: Reuters/Shannon Stapleton Thu Mar 8, 2012 10:15am EST (Reuters) - The U.S. Justice Department has warned Apple and five of the biggest U.S. publishers that it plans to sue them, accusing them of colluding to raise the prices of electronic books, the Wall Street Journal said, citing people familiar with the matter. Several parties have held talks to settle the potential anti-trust case, the paper cited the people as saying. It added that a successful settlement could lead to cheaper e-books for consumers. However, not all publishers are in settlement discussions, the Journal said. The five publishers identified in the Journal report are Simon & Schuster Inc, a unit of CBS Corp, Lagardere SCA's Hachette Book Group, Pearson PLC's Penguin Group (USA), Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH and HarperCollins Publishers Inc, a unit of News Corp. News Corp also owns the Wall Street Journal. Representatives for the five publishers, Apple and the Justice Department declined to comment to the Journal. Reuters could not reach any of the parties for comment outside of regular U.S. business hours. The publishers have denied acting jointly to raise prices, according to the Journal. They have told investigators that the shift to an "agency pricing model" enhanced competition in the industry by allowing more electronic booksellers to thrive. Under the "agency model", publishers would set the price of the book and Apple would take a 30 percent cut. Apple also specified that publishers could not let rival retailers sell the same book at a lower price. Amazon Inc, the early pioneer in e-books, had sold many new best sellers at $9.99 to encourage consumers to buy its Kindle electronic readers. But the company's pricing strategy had ruffled the feathers of many publishers. (Reporting by Sakthi Prasad; Editing by Edwina Gibbs) Tech Money Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (9) leasecommander wrote:   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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