Full news story on Books-A-Million adds voice to oppose Dept. of Justice e-book price fixing deal.
Books-A-Million adds voice to oppose Dept. of Justice e-book price fixing deal
Jun 22 2012
Books-A-Million has joined the growing number of parties objecting to the Department of Justice’s agreement with Simon & Schuster, Hachette and HarperCollins to settle the department’s e-book price fixing lawsuit. BAM’s letter, signed by president and CEO Terry Finley, strikes especially hard at the provisions in the settlement that would impose restrictions on how the publishers can do business with all third parties (including BAM) that were not involved in the lawsuit. If the restrictions on the agency model are upheld, it will “provide Amazon the opportunity to revert to its anti-competitive e-book pricing strategy which will place additional pressure on brick-and-mortar stores," Finley argued.
U.S. ebook sales up in 2012, but rate of growth is slowing(May 16 2013) In 2012, trade book sales (i.e. non academic book sales) rose 6.9%, to $15.049 billion, and e-book sales continued to grow, although the rate of growth...