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 Amazon.com 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.