A federal judge in New York has given final approval to a settlement in which Apple will pay $450 million for its role in a conspiracy to fix prices for ebooks. Judge Denise Cote of the U.S. District Court in Manhattan called the settlement “fair and reasonable.” It requires Apple to pay $400 million to consumers who bought certain books between 2010 and 2012, as well as $50 million in attorneys’ fees. Although the settlement is final, Apple only has to pay that amount if it loses its appeal of a 2013 price-fixing ruling. If the appeal is successful, Apple will pay only $50 million to ebook purchasers and $20 million to attorneys. A hearing on the appeal is scheduled for Dec. 15 in Manhattan. Lawyers for the ebook buyers have said they “strongly believe” that Apple’s appeal won’t be successful.To read this article in full or to leave a comment, please click here Continue reading at 'PC World'
[ PC World | 2014-11-22 00:00:00 UTC ]
[Updated 1:18 pm ET] Michael Cohen will be released from prison on Friday under orders from a federal judge, who said he was re-imprisoned after an initial release to home confinement in retaliation for his plans to publish a book about the president. “I make the finding that the purpose of... Continue reading at Literrary Hub
[ Literrary Hub | 2020-07-23 14:28:49 UTC ]
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The memoir reportedly depicts Trump as caring more about re-election than US national security. No wonder he wants to quash itOn Tuesday, the Trump administration asked a federal judge to block publication of John Bolton’s The Room Where It Happened, the former national security adviser’s... Continue reading at The Guardian
[ The Guardian | 2020-06-17 06:30:46 UTC ]
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John Wiley & Sons estimated the coronavirus outbreak will drop revenues for the fiscal year ending April 30 by about $50 million from its previous expectations, president and CEO Brian Napack said. Adjusted EBITDA is expected to be $25 million lower than original forecasts. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-09 04:00:00 UTC ]
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On March 19, lawyers from Hagens Berman filed a class action suit on behalf of consumers in the U.S. District Court in Seattle, accusing Amazon of a massive horizontal price fixing scheme involving its two million third-party sellers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-23 04:00:00 UTC ]
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California lawmakers are reconsidering a controversial provision to a newly implemented state law which limits freelance journalists to 35 articles per-year in the same publication before they must be considered full- or part-time employees, Assemblywoman Lorena Gonzalez announced earlier this... Continue reading at Folio Magazine
[ Folio Magazine | 2020-02-18 17:45:45 UTC ]
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A few years ago, investors were eager to throw money at digital media startups. Not anymore. But there are some Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-12-16 15:51:10 UTC ]
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A federal judge is set to weigh in on whether the controversial audiobook program amounts to copyright infringement—and publishers are feeling good about their chances. But should they? Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-27 04:00:00 UTC ]
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When Miguel Patricio, former Anheuser-Busch InBev global chief marketing officer, was announced as the next CEO of Kraft Heinz earlier this year, you’d be forgiven for assuming job cuts were coming. After all, both companies are affiliated with penny-pinching Brazilian investment firm 3G... Continue reading at Advertising Age
[ Advertising Age | 2019-06-26 07:00:00 UTC ]
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Digital media company Refinery29 is looking to raise up to $20 million through a new funding round, according to a recent SEC filing. The filing was spotted by Axios, which reports the startup will... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-05-28 19:43:30 UTC ]
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One month after a group of music publishers sued it for copyright infringement, Peloton is firing back with a countersuit claiming anticompetitive conduct. On Tuesday, the New York-based fitness startup filed an answer to a complaint by members of the National Music Publishers’ Association and... Continue reading at Advertising Age
[ Advertising Age | 2019-05-01 00:00:00 UTC ]
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Disgraced former NFL star Darren Sharper has renewed efforts to get a reduction in his 18-year federal sentence for drugging and raping women. Lawyers for Sharper, who lost an earlier appeal, filed a 50-page memorandum this week in U.S. District Court in New Orleans, arguing he was not adequately... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-08-03 00:00:00 UTC ]
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Time Warner Inc. is no more. Late Thursday, AT&T Inc. announced that it completed its $85-billion acquisition of Time Warner Inc., just two days after a federal judge in Washington gave the deal the green light. AT&T wasted little time consolidating its hard-fought prize — a blockbuster... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-06-15 00:00:00 UTC ]
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A federal judge from New York ruled that embedding a tweet containing an image in a webpage could be considered copyright infringement. Continue reading at Wired
[ Wired | 2018-02-17 00:00:00 UTC ]
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The digital media bubble continues to show signs of bursting. Recode reports that Mashable–once valued at $250 million–is selling itself to publisher Ziff Davis for less than $50 million. The site will reportedly lay off about 50 employees and refocus coverage on “tech and tech-lifestyle... Continue reading at Fast Company
[ Fast Company | 2017-12-05 00:00:00 UTC ]
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A federal judge in Hawaii on Tuesday issued an order blocking major parts of President Trump’s newest travel ban, suggesting it violated immigration law. The decision from U.S. District Judge Derrick Watson in Honolulu stops the administration’s travel restrictions nationwide before they were... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-10-18 00:00:00 UTC ]
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After years of complaining about digital media fraud, brand safety and other problems, the Association of National Advertisers hopes to do something about it, starting a six-month pilot with what it hopes will be 35 marketers and more than $50 million in spending for 30 premium online... Continue reading at Advertising Age
[ Advertising Age | 2017-08-17 00:00:00 UTC ]
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A federal judge has signed off on a permanent injunction immediately barring Moppet Books from distributing in the U.S. any versions of its KinderGuides series held to be infringing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-17 00:00:00 UTC ]
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A federal judge has found that Moppet Books had infringed copyright with its unauthorized children's "learning guides" to a host of classic novels. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-01 00:00:00 UTC ]
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Relatives of the victims of the San Bernardino terrorist attack filed a federal lawsuit Wednesday against Twitter, Google and Facebook, accusing the tech giants of knowingly supporting Islamic State and its extremist agenda. The lawsuit filed in U.S. District Court for the Southern District of... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-05-04 00:00:00 UTC ]
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Facebook is on the hook for $500 million in damages after losing an intellectual property lawsuit Wednesday to ZeniMax Media over its virtual reality headset, the Oculus Rift. ZeniMax, a video game publisher, sued the social network in 2014 in U.S. District Court in Dallas shortly after Facebook... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-02-02 00:00:00 UTC ]
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