eBook Anti-Trust Settlement is Approved (with 3 publishers)

U.S. federal courts have approved a settlement Hachette Books Group, Simon & Schuster, and HarperCollins, that booksellers may set their own pricing and that publishers may not sign contracts with retailers during the next two years which restrict pricing decisions. They also may not enter into contracts (for five years) which give specific sellers a guaranteed lower price than others.

Two more publishers, Macmillan and Penguin, refused to settle and have a court date in June. I wonder how much extra profit they and Apple will make during that time.

Read more at cnn.com.

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