The DOJ made recommendations to rebalance the e-book market after Apple's antitrust trial. But the terms go too far, according to the five publishers involved in the case.
Aly Song/ Reuters/ File
The group of publishers – HarperCollins, Hachette Book Group, Simon & Schuster, Holtzbrinck, and Penguin Random House – say that the DOJ’s proposal to rebalance the e-book market would not only hurt Apple, but would also be a financial blow for the publishing companies.
Apple was found guilty of colluding with these five publishing companies to raise e-book prices in violation of antitrust laws in early July. The publishing companies involved all settled out of court and agreed to issue approximately $175 million in consumer credits, though they admitted to no wrongdoing.