Hachette Settles with the Department of Justice

Following in HarperCollins’ footsteps, Hachette has “reluctantly agreed” to settle with the Department of Justice rather than face a lawsuit over the agency model for eBook pricing. Simon & Schuster has settled as well. The publisher issued a longer statement that did not detail the terms of the settlement. The complete Hachette Book Group release is reprinted below–here is an excerpt from...