Penguin Group ceo John Makinson issued a statement about the lawsuit his company faces from the Department of Justice and a group of attorneys general on Wednesday. He writes: “A responsible company does not choose a path of litigation with US Government agencies without carefully weighing the implications of that course of action.” But, Makinson says, “we have done nothing wrong. The decisions that we took, many them of them costly and difficult, were taken by Penguin alone.” As for Justice’s complaint filed today, “the document contains a number of material misstatements and omissions, which we look forward to having […]
Free
A Few Things About the Publisher Settlement Become A Little Clearer
pdating our stories from the heat of battle Wednesday, there are a few things about the settlement between HarperCollins, Hachette Book Group, Simon & Schuster and the Department of Justice that we can clarify. First of all, don’t expect any immediate changes at any ebookstore, including Apple’s iBookstore. All of the requirements for contractual changes will come only after entry of final judgment, which is subject to a review period of 60 days. During that period, “any person who wishes to comment” is welcome to write to: John Read Chief Litigation III Section Antitrust Division U.S. Department of Justice 450 […]
Hachette Admits No Liability, and Asks Government to Ensure “We don’t return to the days of monopoly”; Harper “Made A Business Decision”
Hachette Book Group says in a statement that “after much deliberation” they have “reluctantly agreed to join the settlement of this matter with the U.S. Department of Justice, and to begin the process of settling with the State Attorneys General.” But “Hachette was not involved in a conspiracy to illegally fix the price of eBooks, and we have made no admission of liability.” In a separate statement, HarperCollins also says the company “did not violate any anti- trust laws and will comply with its obligations under the agreement. HarperCollins’ business terms and policies have been, and continue to be, designed […]
Settling Publishers Are Allowed Modified Agency for Two Years That Could Limit Predatory Pricing
HarperCollins, Hachette Book Group and Simon & Schuster have settled the Justice Department’s lawsuit over agency ebook pricing, officially filed earlier Wednesday. Under the settlement, they promise for two years not to “restrict, limit, or impede an e-book retailer’s ability to set, alter, or reduce the retail price of any e-book or to offer price discounts or any other form of promotions to encourage consumers to Purchase one or more e-books.” They also “shall not enter into any agreement with an e-book retailer relating to the sale of e-books that contains a price MFN” during that period, and they will […]
Details From the DOJ’s Lawsuit
In their lawsuit against Apple and five agency publishers, the Department of Justice claims “the evidence showing conspiracy is substantial.” In the broadest terms, Justice charges that the defendants “shared their business information, plans, and strategies in order to formulate ways to raise retail e-book prices.” It appears that Justice is actually charging two separate conspiracies. The earlier one they say began “no later than September 2008” and involves a number of meetings regarding a possible “joint venture” to sell ebooks together as well as “telephone conversations and other communications in which they jointly acknowledged to each other the threat […]
People, Etc.
Patrick Nolan has been promoted to vp, editor-in-chief and associate publisher at Penguin Books, reporting to Kathryn Court. He fills the position being vacated by Stephen Morrison when he joins Picador. Nolan has spent the past 12 years as director of trade paperback sales, and in his new role Nolan will be responsible for overseeing the editorial direction and shape of the Penguin Books list. “Patrick has been a big part of Penguin’s success over the last decade, and I very much look forward to working with him in his new role,” Court said in a statement. Ryan Chapman will […]