Senator Schumer in WSJ: DOJ ebooks suit could “wipe out the publishing industry as we know it”
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The Department of Justice’s lawsuit against Apple and major book publishers “sounds plausible on its face, [but] could wipe out the publishing industry as we know it, making it much harder for young authors to get published,” New York Senator Charles Schumer writes in a Wall Street Journal op-ed. Schumer has been in touch with the WSJ about the ebook pricing suit for awhile. “Rarely have I seen a suit that so ill serves the interests of the consumer,” he told the paper in April. Schumer’s overall argument against the agency pricing lawsuit is that the lawsuit hurts competition by making
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