Apple violated antitrust law in ebook pricing

Apple Inc., the world's biggest technology company, violated antitrust law by engaging in a scheme to fix the prices of electronic books, a federal judge ruled in a suit brought by the U.S. government.U.S. District Judge Denise Cote, who tried the case without a jury, ruled against Apple in a decision filed today in federal court in Manhattan."The plaintiffs have shown that Apple conspired to raise the retail price of ebooks and that they are entitled to injunctive relief," Ms. Cote said in her opinion. The judge ordered a trial on potential damages.The U.S. sued Apple and five publishers in April 2012, claiming the maker of the iPad pushed publishers to sign agreements letting it sell digital copies of their books under what's known as the agency model. Under that model, publishers, and not retailers, set prices for each book, with Apple getting 30%.Apple, based in Cupertino, California, was the last defendant left in the case after the publishers avoided trial by settling.The settling publishers are Verlagsgruppe Georg von Holtzbrinck GmbH's Macmillan unit, CBS Corp.'s Simon & Schuster, Lagardere SCA's Hachette Book Group, Pearson Plc's Penguin unit and News Corp.'s HarperCollins. The No. 1 publisher, Random House Inc., wasn't involved in the U.S. suit. Continue reading at 'Crains New York'

[ Crains New York | 2013-07-10 00:00:00 UTC ]

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Lydah Pyles DeBin Named Executive Director of Center for Fiction

DeBin previously served as deputy director of Portland's Literary Arts, as well as a national account manager at Random House, Simon & Schuster, and Penguin Young Readers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-24 04:00:00 UTC ]
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Ben Greenberg Named EIC Amid Changes at Random House

With the upcoming retirement of senior v-p and deputy publisher of Random House Tom Perry, Greenberg has been promoted to editor-in-chief and Hilary Redmon will succeed Greenberg as editorial director of nonfiction. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-17 04:00:00 UTC ]
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Now we await Megan Fox’s “dark” poetry.

In big news for bodies keeping the score and also bibliotherapy, Simon & Schuster have announced the November 7 release of actor Megan Fox’s debut poetry collection, Pretty Boys Are Poisonous, with imprint Gallery Books. Per the press release: “These poems were written in an attempt to... Continue reading at Literrary Hub

[ Literrary Hub | 2023-08-08 16:42:42 UTC ]
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S&S Posts Solid Second Quarter

Led by another good performance by its audiobooks division and "fantastic" results in the U.K., operating income rose 14% at Simon & Schuster in the second quarter ended June 30, 2023 over the comparable period last year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-08 04:00:00 UTC ]
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Simon & Schuster purchased by private equity firm KKR for $1.62 billion

Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market Continue reading at ABC News

[ ABC News | 2023-08-08 02:22:18 UTC ]
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KKR Agrees To Buy Simon & Schuster for $1.62 Billion

The acquisition of Simon & Schuster by KKR, Jonathan Karp says, is enhanced by KKR's interest in company growth and employee equity. The post KKR Agrees To Buy Simon & Schuster for $1.62 Billion appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-08-07 21:40:44 UTC ]
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Deal for Simon & Schuster Said to Be Near

The private investment firm KKR, HarperCollins, and Richard Hurowitz of the investment firm Octavian & Company are all said to still be in contention to acquire the country's third largest trade publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-04 04:00:00 UTC ]
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Exclusive: See the cover for Téa Obreht’s next novel, The Morningside.

Literary Hub is pleased to reveal the cover for The Morningside, the third novel by bestselling, award-winning writer Téa Obreht, which will be published by Random House in March. Here’s a little bit more about the book from the publisher: After being expelled from their ancestral home in a... Continue reading at Literrary Hub

[ Literrary Hub | 2023-08-02 14:00:09 UTC ]
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Book Deals: Week of July 24, 2023

Cassidy Hutchinson, a former assistant to both Donald Trump and Mark Meadows, sells a memoir to Simon & Schuster, and Amistad buys a book by couture designer B Michael about his friendship with actor Cicely Tyson. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-21 04:00:00 UTC ]
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Likewise Expands Book Recommendation Partnership with Simon & Schuster

The collaboration aims to recommend Simon & Schuster authors and featured titles across Likewise's entertainment suite, which includes a newsletter, a mobile and TV app, and social media platforms. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-12 04:00:00 UTC ]
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Britney Spears’s ‘brave’ tell-all memoir out in October

The Woman in Me, which will cover pop star’s conservatorship experience among other topics, is set for release later this yearBritney Spears will release her tell-all memoir, The Woman in Me on 24 October, the publisher announced on Tuesday.The Woman in Me will be “a brave and astonishingly... Continue reading at The Guardian

[ The Guardian | 2023-07-11 16:02:28 UTC ]
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Penguin Random House’s New Inklore: ‘Pop-Comics’

The new Random House Worlds 'pop-comics' imprint Inklore is acquiring manga, manhwa, manhua, and more for a 2024 launch. The post Penguin Random House’s New Inklore: ‘Pop-Comics’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-06-30 15:54:25 UTC ]
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Licensing Hotline: June 29, 2023

Read on for news about Random House Children's Books' publishing plans for Afro Unicorn; Scholastic and Insight Editions' OMG POP! books; Really Big Coloring Books' range of products featuring PBS Kids properties; MerryMakers' launch of an InvestiGators licensing program; a new licensing effort... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-29 04:00:00 UTC ]
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Penguin Random House Launches Pop-Comics Imprint

Announced June 28, Inklore will publish manga, manhua, manhwa, webcomics adaptations and light novels, with its first project to be released early 2024. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-29 04:00:00 UTC ]
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Report: Abu Dhabi’s Mubadala Backs the Hurowitz S&S Bid

Richard Hurowitz's reported bid for Simon & Schuster is said to be backed by the Abu Dhabi sovereign wealth manager Mabudala. The post Report: Abu Dhabi’s Mubadala Backs the Hurowitz S&S Bid appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-06-22 17:01:36 UTC ]
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HarperCollins, KKR Said to Be Eyeing Simon & Schuster

In a bit of déjà vu, HarperCollins and the private equity firm KRR, which both lost out to Penguin Random House when Simon & Schuster was initially put up for sale, are reported among the leading contenders to buy the publisher this time around. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-15 04:00:00 UTC ]
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Richard Snyder, ‘warrior-king’ of publishing who presided over rise of Simon & Schuster, dead at 90

Richard Snyder, a visionary and imperious executive at Simon & Schuster who presided over the publisher’s exponential rise during the second half of the 20th century and helped define an era of growing corporate power, has died Continue reading at ABC News

[ ABC News | 2023-06-08 01:26:39 UTC ]
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Woodward, S&S File New Motions to Dismiss Trump Lawsuit

As expected, lawyers for Simon & Schuster and bestselling author Bob Woodward have filed two new motions to dismiss an amended $50 million lawsuit filed by former president Donald Trump alleging that Woodward and S&S breached Trump’s copyright interests by publishing 'The Trump Tapes:... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-23 04:00:00 UTC ]
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S&S Posts Record Quarter, Could Be Sold by End of Year

Sales rose 19% and earnings were up 16% at Simon & Schuster in the first quarter, and executives at parent company Paramount Global said there is a possibility the sale of the publisher could be completed this year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-04 04:00:00 UTC ]
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Dawn Davis Returns to Simon & Schuster

After a three-year stint at 'Bon Appetit,' the founder of 37 Ink will return to the imprint as senior v-p and publisher, and will also serve as an executive editor at the S&S trade imprint. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-25 04:00:00 UTC ]
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