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Last week the Department of Justice sued Apple (s AAPL) and five book publishers for allegedly colluding to set e-book prices. (Here is everything you need to know about that in one post.) What does the suit mean for readers today and in coming weeks?
No changes until June at the earliest
Simon & Schuster, Hachette and HarperCollins agreed to settle with Justice. If the settlement is approved — following a 60-day comment period — those three publishers must terminate existing agreements with Apple’s iBookstore within seven days. In addition, as the Competitive Impact Statement on the settlement explains, the three settling publishers must terminate contracts with other retailers (like Amazon (s AMZN) and Barnes & Noble (s BKS)) that contain any “restrictions on an e-book retailer’s ability to set the retail price of any e-book” and any most favored nation clauses. Those MFN clauses — which can be…
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