Penguin CEO Says He Spoke With E-Book Competitor

Law360, New York (June 4, 2013, 2:13 PM EDT) -- Penguin Group USA CEO David Shanks testified Tuesday that he spoke with another publisher while contemplating an e-book distribution deal with Apple Inc., but gave conflicting views on whether Apple helped the industry set higher prices for digital books during the second day of an antitrust trial in New York.

Under questioning by a U.S. Department of Justice attorney, Shanks conceded that he spoke with Simon & Schuster Inc. CEO Carolyn Reidy on the same day Penguin finalized a distribution deal with Apple. Penguin and Simon...
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