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Publishing News: Penguin settles, Macmillan holds its ground
Apple and Macmillan stand alone against the DOJ's ebook lawsuit, PressBooks opens up, and Amazon may be inviting disruption.
Here are a few stories from the publishing space that caught my attention this week.
And then there were two
In headline news this week, the Penguin Group announced it had reached a settlement agreement with the Department of Justice. Jim Milliot reports at Publisher’s Weekly that the “[t]erms are nearly identical to agreements reached with Simon & Schuster, Hachette and HarperCollins, but according to the government, if the Random House-Penguin merger is approved the newly formed company must abide by the agreement.” Milliot notes that as Random House is not involved in the DOJ lawsuit, it can continue conducting its ebook business under the agency agreement in the meantime.
Laura Hazard Owen reports at PaidContent that “Penguin is discussing a similar settlement with the European Commission and that the DOJ’s case will continue against remaining defendants Apple and Macmillan.