Tuesday, August 13, 2013

Publishers Object to Remedy in Apple Case

http://articles.washingtonpost.com/2013-08-07/business/41168651_1_publisher-defendants-e-book-prices-harpercollins-publishers-llc
Publishers who have settled an electronic book pricing dispute with the federal government objected Wednesday to penalties the government wants to impose on Apple Inc., saying it will hurt publishers rather than the personal electronics giant.
A judge ruled in an antitrust case last month that Cupertino, Calif.-based Apple had conspired with publishers to drive up the price of e-books in 2010, spoiling the $9.99 price Amazon.com had established. The trial revealed e-book prices rose after Apple signed so-called agency agreements with publishers that took effect in 2010. In such agreements, publishers set prices for each title, rather than retailers.
In papers submitted to a federal court judge Wednesday, five publishers said the government’s plans to ban Apple from engaging in agency agreements for five years would not restrict Apple’s pricing behavior.