Apple Deals Meant E-Book Price Hikes: Ex-Hachette CEO

Law360, New York (June 12, 2013, 7:37 PM EDT) -- The former CEO of Hachette Book Group Inc. testified Wednesday that he expected other U.S. publishers to raise retail prices on their digital books after signing distribution deals with Apple Inc., as a trial over alleged e-book price-fixing continued in New York.

David Young said he assumed Hachette and four other publishing houses that signed agency deals with Apple — Simon & Schuster Inc., Penguin Group USA, Macmillan Publishers USA  and HarperCollins Publishers LLC — would increase prices on new release digital books when the iBookstore...
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