E-book Overkill: Justice Dept. Trustbusters Should've Left Apple and Book Publishers Alone
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The Justice Department filed suit last week against Apple Inc.and two major book publishers, Macmillan and Penguin Group USA, accusing them of colluding in 2010 to raise the prices of e-books. Three other publishers that were investigated Hachette, Simon & Schuster and HarperCollins agreed to a settlement, which Sharis A. Pozen, the acting director of the Justice Department's antitrust division, said "will begin to undo the harm caused by the companies' anticompetitive conduct, and will restore price competition so that consumers can pay lower prices for their e-books." Not likely. What this lawsuit probably will do instead is return to
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