Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Tansy_Gold

(18,167 posts)
65. Speaking of conspiracies, media consolidation, etc., etc., etc.
Wed May 16, 2012, 01:07 PM
May 2012

Our fabulous ( ) DOJ is actually doing something sort of worthwhile that may have some wider-reaching repercussions.

The lawsuit brought by the DOJ alleges that the Big 6 (sometimes Big 5) book publishers (boo, hiss), whose output accounts for some 60% of revenue from print publishing and 85% of "bestsellers," colluded with Apple (boo, hiss) to fix prices on digital books at an inflated level to a.) benefit Apple, b.) hurt Amazon, c.) discourage sales of digital books and protect print publishing.

The most recent development is that the judge hearing the case, Denise Cote, has thrown out a motion to dismiss and is letting everything go forward. Some of the evidence is damning.

I've been following this for about a year now, and it's starting to make some waves. Rather than post a bunch of links to news releases, here are a few that kind of bring it all together in one fairly need package:


Background:
http://dearauthor.com/ebooks/antitrust-primer-for-the-publishing-price-fixing-lawsuit/


Latest developments:
http://dearauthor.com/features/industry-news/doj-lawsuit-update-where-windowing-becomes-important/


There are lots of comments and links there. Whether this will eventually have any impact on the general consolidation of media, I have no idea. But it's something.

Oh, and have I mentioned that I really, really, really hate publishers?


Recommendations

0 members have recommended this reply (displayed in chronological order):

LOL...and when they don't get the tit they wail! rfranklin May 2012 #1
I just couldn't pass it up. Tansy_Gold May 2012 #2
That's just obscene Demeter May 2012 #3
Number of thread views is going up, too. Tansy_Gold May 2012 #15
I highly recommend boiling the lobster with some Old Bay seasoning... rfranklin May 2012 #29
A lobster has to be alive to safely cook it Demeter May 2012 #40
The increased number of viewers could also mean..... AnneD May 2012 #30
EU to push for binding investor pay votes Demeter May 2012 #4
Bankers plan to foil rating agencies Demeter May 2012 #5
Excellent question.... AnneD May 2012 #31
Because the ratings agencies are tools of the American and British financial interests FarCenter May 2012 #36
I had noticed that, but on the other hand, the banks are full of it, too Demeter May 2012 #41
See corporate credit unions FarCenter May 2012 #44
Corporate Credit Unions do not talk to people Demeter May 2012 #49
The consumer credit unions basically operate like a franchised restaurant FarCenter May 2012 #57
Bankers’ talks on curbing rating agencies Demeter May 2012 #69
What Kind of Society Do Americans Want? Demeter May 2012 #6
Permaculture Visionary: "We Don't Need to Wait for Permission" to Transform Our Societies Demeter May 2012 #7
Elizabeth Warren Calls for Restoring Glass-Steagall AND SO DO WE! Demeter May 2012 #8
Grandmothers' Social Security Garnished for Student Loans? Time to Fix Broken Student Debt System Demeter May 2012 #9
Let's Put Jamie Dimon on Trial And Ask Him What the Hell JP Morgan Does for America Demeter May 2012 #10
Jamie Dimon’s JPMorgan Chase: Why It’s the Scandal of Our Time By Richard (RJ) Eskow Demeter May 2012 #12
As of 12/31/11, JPMC was 10th largest in world; it has only a small office in Japan FarCenter May 2012 #38
Japan is taking diving lessons, again. Demeter May 2012 #11
Banks Over Protests: Homeland Security Central to Occupy Crackdown By Dave Lindorff Demeter May 2012 #13
My paranoid RW friends.... AnneD May 2012 #56
Asia doing a major tank tonight. Fuddnik May 2012 #14
Hedge Funds May Squeeze More Profits Out of JPMorgan ONE QUESTION ANSWERED Demeter May 2012 #16
oh well -- i'm up -- cafe, anyone? xchrom May 2012 #17
Yup. Fuddnik May 2012 #18
I do something similar - I have while I yell at the dogs xchrom May 2012 #19
I'm lucky if they let me on the sofa. Fuddnik May 2012 #20
oy -- bed?!?!?! xchrom May 2012 #21
World stocks fall amid political turmoil in Greece xchrom May 2012 #22
China’s Stocks Fall for 4th Day on Economy Concern, Greek Crisis (Update 3) xchrom May 2012 #23
Can Corporate America Ever Be Cured? xchrom May 2012 #24
BofA: The 'Ichimoku Clouds' Signal A Storm May Be Coming For The Stock Market xchrom May 2012 #25
Europe Continues Diving As Everyone Freaks Out About Greece xchrom May 2012 #26
The Chinese Real Estate Sector Is Unraveling xchrom May 2012 #27
The Bubble Hurled Round the World Demeter May 2012 #42
And Now Presenting: Amazing Satellite Images Of The Ghost Cities Of China...... AnneD May 2012 #70
The Head Of The Bank Of England Just Made Some Scary Predictions About The Euro Crisis xchrom May 2012 #28
The Ds should be latched on the other side bread_and_roses May 2012 #32
Today's Economic Reports (Housing Starts) >>>> Roland99 May 2012 #33
US Futures up (we must be oversold) Roland99 May 2012 #34
Taibbi: Documents Show How Goldman et al Engaged in 'Naked Short Selling' DemReadingDU May 2012 #35
Truth WILL Out Demeter May 2012 #43
Today's Economic Reports (April Industrial Output) >>>> Roland99 May 2012 #37
Hmm... Demeter May 2012 #51
I'll see what I can find at lunch (or tomorrow at lunch if I end up working thru it today!) Roland99 May 2012 #54
"...Sometimes God Smiles on Us..." /Goldman Lawyer accidently releases damning papers--Matt Taibbi KoKo May 2012 #39
I missed the Overstock Debacle, but I'm glad they are scoring points and perservering MUST SEE UTUBE Demeter May 2012 #45
Overstock.com Announces Court Declines to Seal Evidence in Goldman Sachs/Merrill Lynch Case Demeter May 2012 #46
HERE'S THE ALTERNATE VIEW: Has Overstock.com Pushed Goldman Sachs Too Far? Demeter May 2012 #48
Yes...this is the kind of thing that Patrick Byrne has been dealing with KoKo May 2012 #55
off-topic but I thought some might be interested bread_and_roses May 2012 #47
When you are in the Con Business (and what else are the Catholic "miracles" but cons?) Demeter May 2012 #50
Don't watch it, just Tansy_Gold May 2012 #53
I kept waiting for Tom Hanks to Show Up Demeter May 2012 #58
Okay, that went Tansy_Gold May 2012 #59
You got it Demeter May 2012 #60
Even the music is creepy Po_d Mainiac May 2012 #74
I'm going to go enjoy some beautiful day Demeter May 2012 #52
Greeks withdraw Euros Equivalent to $894 million U.S. in cash out of bank accounts Demeter May 2012 #61
Financially saavy Greeks.... AnneD May 2012 #71
Dancing With Derivatives By MAUREEN DOWD Demeter May 2012 #62
What Occupiers Learned From Obama - and What He Should Learn From Them Demeter May 2012 #63
Needy States Use Housing Aid Cash to Plug Budgets Demeter May 2012 #64
Speaking of conspiracies, media consolidation, etc., etc., etc. Tansy_Gold May 2012 #65
Greece fails to form unity government Demeter May 2012 #66
Spectre of default rises again in Congress Demeter May 2012 #67
DoJ probes $2bn JPMorgan trading loss Demeter May 2012 #68
All markets but DJIA now into the Red. Oil below $92.50. Roland99 May 2012 #72
Totally off topic, personal (but not TOO personal) request Tansy_Gold May 2012 #73
Latest Discussions»Issue Forums»Economy»STOCK MARKET WATCH -- Wed...»Reply #65