Memo to Charles Schumer: Publishers are not books
In an opinion piece to the Wall Street Journal, New York Senator Charles Schumer argues that the suit against Apple and book publishers is misguided and will restore an Amazon.com monopoly in e-books. This isn’t a great lawsuit, but Mr. Schumer’s argument is worse.
Recently the Department of Justice filed suit against Apple and major publishers, alleging that they colluded to raise prices in the digital books market. While the claim sounds plausible on its face, the suit could wipe out the publishing industry as we know it, making it much harder for young authors to get published.
(Emphasis mine) I don’t think Mr. Schumer knows what the word “published” means in 2012, and how much easier things are when you ditch the traditional publishers. Here’s how e-book publishing works today: