Leave Penguin Alone

A bit buried in last week’s iPad 3 excitement was the news that Apple, along with five major American book publishers, was given notice by the Justice Department that it’s about to be sued for colluding to raise prices. A tech giant can afford to shrug off something as petty as an anti-trust lawsuit over books, but for HarperCollins, Penguin, MacMillan, Hachette, and Simon & Schuster (full disclosure: my publisher) the implications are potentially quite dire. Scott Turow, president of the Authors Guild, went further and argued that “everyone who cherishes a rich literary culture” should be alarmed by the DOJ’s actions. He’s wrong. If there’s a case against the government’s actions it’s that the forces of disruption buffeting traditional publishing are much too large to be blocked by any cartel. The good news is that literary culture should survive either way. Continue reading at 'Slate'

[ Slate | 2012-03-14 00:00:00 UTC ]
News tagged with: #leave penguin #justice department #raise prices #tech giant #authors guild #literary culture

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