Publishers Warned On Ebook Prices

Posted by timothy on Thursday March 8, 2012 @05:52AM from the some-people-hate-free-markets dept.

An anonymous reader writes "The DoJ says Simon and Schuster, Hachette, Penguin, Macmillan and HarperCollins conspired to raise the prices of ebooks. The report originates from the WSJ, but the BBC adds comments from an analyst bizarrely claiming increased prices are somehow a good thing and thinking otherwise is the result of 'confusion'. I'd like to see an explanation of why the wholesale model, while continuing to work fine (presumably) for physical books, somehow didn't work for ebooks and why the agency model is better despite increasing costs for consumers."

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Re:Market Analysis by Rostin · 2012-03-08 06:56 · Score: 0, Troll

I know, right? How DARE these companies make profits? They should be providing all of us with ebooks at COST out of the kindness of their hearts. It's not like profit motive has ever done any of us any good, anyway.