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HarperCollins reaches deal to lower eBook prices

A new and uncertain era of e-book prices has begun, the Associated Press reports. HarperCollins Publishers announced Tuesday that it has reached new price agreements with sellers that conform to a settlement with the Justice Department over allegations that five publishers and Apple colluded to set prices for eBooks. Such new works as Michael Chabon’s “Telegraph Avenue” now can be purchased on Amazon.com for $9.99, a price publishers and rival booksellers fear will give Amazon dominant control of the eMarket. Simon & Schuster and Hachette Book Group also settled, but as of Tuesday afternoon e-prices for such fall books from those publishers as Bob Woodward’s “The Price of Politics” and Tom Wolfe’s “Back to Blood” were selling for $14.99. A spokesman for Simon & Schuster declined comment, while Hachette issued a statement saying it was “engaged in productive discussions with eBook distribution agents.” Apple and two other publishers, Penguin Group (USA) and Macmillan, declined to settle and a trial is expected next Juneā€¦

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