Tags: apple | fixing | ebook | prices

Justice Dept. Accuses Apple's Jobs of Fixing E-Book Prices

Wednesday, 15 May 2013 02:50 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Late Apple CEO Steve Jobs organized a scheme with publishing companies in 2010 to keep e-book prices higher than those offered by Amazon, the Justice Department claimed in court filings released Tuesday.

The documents state that Jobs emailed News Corp.'s James Murdoch in January 2010, advising him to "throw in with Apple and see if we can all make a go of this to create a real mainstream e-books market at $12.99 and $14.99," The Hill reported Wednesday.

Amazon was charging $9.99 for most e-books back then.

News Corp. subsidiaries include book publishers HarperCollins, Macmillan, Penguin Group, Hachette, and Simon & Schuster. The Justice Department claims they were in on the fix with Apple. But federal authorities described Apple as the "ringmaster" behind the plan.

"Apple knew exactly what it was doing. Apple assured publisher defendants that it understood and would support their goal of raising retail e-book prices as part of defendants' grand agreement," the Justice Department writes in its court filing.

The case, which began last year, is scheduled to be tried in June. All the publishing companies involved have settled with the government, leaving Apple alone to contest the charges, according to The Hill.



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Protesters Stage Wall Street Climate Crisis Sit-in

Monday, 22 Sep 2014 18:21 PM

A day after 100,000 people marched to warn that climate change is destroying the Earth, more than a thousand activists g . . .

Report: Obamacare Could Leave 2M Uninsured via Glitch

Monday, 22 Sep 2014 18:14 PM

Nearly 2 million adults and children could be left uninsured by an "odd and particularly problematic side-effect" of Oba . . .

Forecaster: Expect Colder Temperatures, More Snow This Winter

Monday, 22 Sep 2014 17:34 PM

Mother Nature is gearing up to clobber the United States with much colder temperatures this winter, according to Joe Bas . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved