Another letter opposing the settlement by an independent publisher
HERE.
Money quote:
Quote:
The current system of traditional publishing is not a business with high profit margins, and it is far from perfect. But it does enable multiple companies to pay a variety of editors, writers, designers, and marketers to discover, perfect and promote a broad mix of written works that merit publication. The money that supports this system comes through the individual purchase of commendable books, reasonably priced. It is not a business sustained by advertising revenues, by the sales of other vehicles (such as e-readers), or by a system of patronage.
In other words, the book publishing business relies on reasonably priced individual products, sold to individual readers, for its survival.
Amazon is a behemoth. If it is able to set any price it wants for the products it distributes–books published by companies with whom it is competing, through the Amazon Publishing Division–Amazon will drive book prices so low reputable publishers will go out of business.
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