Should The U.S. Government Be Allowed To Run The Ebook Industry?
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While the government hasn’t made a bid to acquire Amazon or Nook or launch its own ebook portal, it has made a move that could mean it essentially controls ebooks and other digital content are bought and sold in the U.S. and around the world for at least five years to come. Let me explain.
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This is getting asinine. This clown hasn't a clue. Unbelievable!!!
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Publishers, which settled with the DOJ in the past year thinking they were submitting to one deal, would now be subjected to Apple’s punishment. They would not be able to sign new agency contracts with Apple for five years from the start of the remedy. In the case of HarperCollins, this would be about six years from the original.
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He act's as if Apple is the only bookseller in existence. They were late to the game and cheated their way in. Now they're being punished; and if it impacts the way publishers do business, too bad. That's the price you pay for doing an end run around the law.
Heaven forbid Apple should have to compete on prices. The damage that would do to their precious high margins is unfathomable.