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Judge approves settlement for Hachette, Simon & Schuster and HarperCollins in e-book lawsuit
It's a big day in the world of e-books, and not just for the crew at Amazon. Today, Judge Denise Cote approved settlement terms for three of the publishers accused by the Justice Department of price fixing. Hachette Book Group, Simon & Schuster and HarperCollins each agreed to settle with the government, rather than face trial -- as Apple, Macmillian and Penguin Group will do in June of 2013. As part of the settlement agreement, each of the publishers will be required to terminate their contracts with Apple within one week. Similarly, they will be required to end contracts with other e-book retailers where clauses exist that would hinder the seller's ability to set pricing. Further, the settling companies won't be able to form contracts for the next two years with e-book retailers that would hinder the seller's discretion to set pricing. During the settlement approval period, individuals and companies alike were given 60 days to weigh in on the matter, which included objections from the American Booksellers Association, the Authors Guild and Barnes & Noble. Ultimately, Judge Cote determined that arguments against the settlement were "insufficient" to block the approval.
Penguin slinks back into e-book lending for New York City libraries, with a possible catch
You might say Penguin has had a rocky relationship with libraries. That looks to be on the tentative mend, as the publisher and 3M have together cut deals with the Brooklyn Public Library and New York Public Library to bring Penguin's e-book catalog back as part of a test program. Under the terms of the one-year project, the libraries will pay retail-level prices once a year to keep any given e-book available, no matter how many times it's virtually borrowed by residents in the boroughs. The book publisher is taking a page from its delay-happy movie industry friends when it comes to new releases, though: fresh titles won't show up at the library until they're six months out from first sale. You won't be reading the latest Clive Cussler novel right away, then, and 3M's lack of relevant formatting means no Kindle borrowing just yet. Even so, it's good to know that we'll soon have no trouble borrowing Penguin's edition of The Mayor of Casterbridge without having to hop on the subway first.
