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Old 12-07-2011, 02:33 PM   #1
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US Justice Department Confirms E-Book Probe

WASHINGTON—The U.S. Justice Department confirmed Wednesday that it is conducting an antitrust investigation into the pricing of electronic books, the latest antitrust watchdog to probe whether there was improper collusion by publishers and Apple Inc. to prevent discounting.

At a congressional hearing, Sharis Pozen, the Justice Department's acting antitrust chief, said: "We are also investigating the electronic book industry, along with the European Commission and the states attorneys general."

The Wall Street Journal and other media have reported that the Justice Department has been investigating the matter since last year. However, Ms. Pozen's comments on Wednesday were the first time the Justice Department publicly confirmed the existence of the probe.


Read more: http://online.wsj.com/article/SB1000...#ixzz1fsZ7t0DS
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Old 12-07-2011, 03:25 PM   #2
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Excellent news!
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Old 12-07-2011, 03:33 PM   #3
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I just found a link that should show the full story for those of us without a subscription
full story
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Old 12-07-2011, 04:11 PM   #4
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Old 12-07-2011, 04:13 PM   #5
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where are the Apple lobbyists?
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Old 12-07-2011, 04:28 PM   #6
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where are the Apple lobbyists?
Agency pricing is being investigated and may become outlawed, and your first reaction is to take a pot shot at apple owners? You need to rearrange your priorities!

This is excellent news!
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Old 12-07-2011, 04:53 PM   #7
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Actually, one of the interesting twist is that even if the Feds do find something, they can argue they aren't violating any law because it is *the publishers* that are selling the ebooks and they are the ones forbidding discounting and they are the runs running the ebook cartel.
Unless somebody produces a document *proving* the scam started with Apple, it is most likely the publishers that will get left holding the bag.

I'm finding the idea oddly pleasing.

("Deal with scorpions and you're bound to be stung.")
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Old 12-07-2011, 05:05 PM   #8
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Actually, one of the interesting twist is that even if the Feds do find something, they can argue they aren't violating any law because it is *the publishers* that are selling the ebooks and they are the ones forbidding discounting and they are the runs running the ebook cartel.
Unless somebody produces a document *proving* the scam started with Apple, it is most likely the publishers that will get left holding the bag.
And that's the best part. The big publishers would be forced to try and be competitive ni quality and value, rather than by price fixing. Me like.
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Old 12-07-2011, 05:23 PM   #9
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And that's the best part. The big publishers would be forced to try and be competitive ni quality and value, rather than by price fixing. Me like.
That too.

I'm just tickled by the image of the publishers that thought getting into bed with Apple was going to "save" them from eee-vile Amazon getting their heads handed to them by the feds, the Brusselcrats, and a hundred juries.

And Apple laughing all the way to the bank.
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Old 12-07-2011, 05:24 PM   #10
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Agency pricing is being investigated and may become outlawed, and your first reaction is to take a pot shot at apple owners? You need to rearrange your priorities!
He didn't say 'owners', he said 'lobbyists', that is, the people that large companies employ to bribe government into doing what they want.
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Old 12-07-2011, 05:25 PM   #11
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He didn't say 'owners', he said 'lobbyists', that is, the people that large companies employ to bribe government into doing what they want.
Oh, in that case that's okay. Professional lobbyists are perfectly fine to target. They're like lawyers that way.
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Old 12-07-2011, 05:42 PM   #12
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If the DOJ and the Courts allow hundreds of other products to be agency priced, why would they make an exception for ebooks?
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Old 12-07-2011, 06:01 PM   #13
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If the DOJ and the Courts allow hundreds of other products to be agency priced, why would they make an exception for ebooks?
The U.S. Supreme Court has already approved agency pricing with regard to electronics, so it is doubtful anything will happen to upset the ebook agency pricing.
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Old 12-07-2011, 06:10 PM   #14
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Well anyway there is hope that we will whip these miscreants back into their caves!
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Old 12-07-2011, 06:21 PM   #15
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Agency pricing is fine. It's the real possibility that the publishers might have colluded in order to set it up....and continue to collude to set higher prices....that could be illegal.

If any one publisher tried agency pricing then maybe they would have failed by allowing Amazon or apple to play one company off the other...but if they colluded together and agreed on the pricing scheme...then that could be illegal.
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