Catch up on the industry news and opinion you may have missed this week.
- This week is all about the Justice Department filing their antitrust lawsuit. Here’s a breakdown of the salient points. Hachette, HarperCollins and Simon & Schuster kicked things off by settling, and leaking the basics of the settlement. Macmillan’s CEO said the company has done nothing wrong. Penguin’s CEO stated they’ve done nothing wrong and further haven’t even discussed settlement options with the Justice Department. Apple also denied the charges. CNET agrees, predicting Apple will win. Seeking Alpha says even if Apple wins, they lose by not compromising to avoid a lengthy and intrusive lawsuit. The Huffington Post shares pro and con debate style essays on how it will impact the ebook market. Digital Book world starts preparing B&N’s obit. And the ever-prescient Kris Rusch breaks down how it will affect writers (SPOILER: No one knows.)
The New World of Publishing
- Clay Shirky says publishing is no longer an industry, it’s a button.
- Publisher Sourcebooks will try direct-to-consumer retail through a subscription plan.