News

Dec 18, 2012 6:22 PM by Matt Stafford

Justice reaches settlement with Penguin on e-books

WASHINGTON (AP) - The Justice Department says it has reached a settlement with one of the nation's largest book publishers over charges it conspired with other companies to raise prices for electronic books.

Federal officials say the agreement with Penguin Group (USA) Inc., if approved by a court, would remove the company from the government's lawsuit against Apple and Macmillan. That trial is to begin in June.

The Justice Department settled earlier with Hachette Book Group, Inc., HarperCollins Publishers LLC and Simon & Schuster Inc. Federal officials sued in April, saying Apple and several publishers conspired in the fall of 2009 to force e-book prices several dollars above the $9.99 charged by Amazon.com on its popular Kindle device.

E-books are believed to comprise around 25 percent to 30 percent of total book sales.

»Comments

»Topics in this article

More News

National
Story Photo

2 hours ago

3 Alarm Fire in Boston

Eleven people hurt tonight when an explosion, knocked a house off it's foundation in Boston, in the Dorchester area. It may have...

Weather - Forecast
Story Photo

12 hours ago

Rain & Snow On The Way

A Winter Weather Advisory is in effect from 6 PM tonight until 4 AM Thursday for Teller County, the Rampart Range (including...

Most Popular

Top Videos

1 2 3 4