Penguin Reaches Deal With EU To Drop Apple E-Book Pricing

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The European Commission announced today that it has reached a deal with publisher Penguin regarding the e-book price fixing charges raised by the EU back in 2012.

Like the four other publishers charged with colluding with Apple to fix the price of e-books, Penguin has agreed to ditch Apple’s agency model for e-books that let publishers set prices for e-books while distributors like Apple, Amazon or Barnes & Noble get a cut of the sale.

Apple May Face $500 Million Bill From E-Book Price Fixing Case

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Apple was found guilty of e-book price fixing by federal judge Denise Cote earlier this month, and it looks like the total bill for colluding with book publishers for the launch of the iBookstore will be pretty steep.

The five publishers in the case – Hachette, Penguin, Random House, HarperCollins and Simon & Schuster – have already paid out $166 million,  according to figures obtained by GigaOm. Based on the settlement payments publishers have already shelled out, it looks like Apple might have to pay $500 million to the states and class action lawyers in the case.

Apple CEO Tim Cook Has Been Ordered To Testify In E-Book Antitrust Case

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Going nowhere.
Going nowhere.

Last year, Apple was hit with an antitrust case from the U.S. Department of Justice over the pricing scheme of e-books in Apple’s iBookstore. Since that time, 11 executives at Apple have already been deposed over the issue, but the Department of Justice is demanding Tim Cook be involved, and they just got their way.

U.S. District Judge Denise Cote granted the Justice Department’s request to get Cook to testify on the ebook antitrust case for four hours.

Steve Jobs Biographer Walter Isaacson Dropped From eBook Price Fixing Case

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Walter Isaacson isn't in Jony Ive's good books.
Walter Isaacson isn't in Jony Ive's good books.

Walter Isaacson, the author of the best-selling biography about Apple co-founder and former CEO Steve Jobs, will not have to share his notes or testify in an ongoing lawsuit over alleged eBook price fixing between Apple and book publishers.

Lawyers wanted to see Isaacson’s notes from interviews with Jobs in an effort to establish Apple’s agreements with publishers, but Isaacson refused to hand them over, citing a New York law that allows journalists to shield their sources.