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Sunday, 17 June 2012

US INDIES OBJECT TO US eBooks settlement

(Reuters) - The American Booksellers Association, which represents U.S. independent bookstores, has objected to the U.S. government's proposed settlement of its price-fixing lawsuit against top publishers, saying it would strengthen Inc's dominance.

In a letter dated 14th June  the group  said the settlement would create "a significant danger that Amazon will again regain a monopoly share in the sale of e-books."
Booksellers and publishers have been frustrated with Amazon, the world's largest Internet retailer, for using books as a loss leader to attract customers for more expensive products. They say the practice hurts bookstores.

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