Amazon Loses E-Book Pricing War

Publishers have emerged victorious in the e-book pricing war with Amazon. The world's largest online retailer has conceded to the demands of three major publishing houses and will cease heavily discounting new best-selling e-books, according to the Wall Street Journal.

Amazon and Macmillan already exchanged fisticuffs about money in February with Macmillan leaving the ring unscathed. Now Simon & Schuster and HarperCollins have joined the bandwagon in refusing to allow retailers to set e-book prices.