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updated: 2/8/2013 10:24 AM

Justice Dept settles e-book case with Macmillan

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Associated Press

WASHINGTON -- The Justice Department has reached a proposed settlement with Holtzbrinck Publishers LLC, which does business as Macmillan, one of five major book publishers that allegedly conspired with Apple Inc. to raise e-book prices.

The government is continuing its case against Apple but has now reached agreements with the five publishers.

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The government alleges the five companies and Apple worked together to raise retail e-book prices and eliminate price competition. The government says competition had reduced e-book prices and the retail profit margins of the booksellers.

The proposed settlement still needs approved by a federal judge in New York. It says Macmillan will lift restrictions on discounting and other promotions by e-book retailers. It will be barred from entering new agreements with similar restrictions until December 2014.

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