Book publishing, the world’s slowest, strangest business has gotten a lot stranger with the injection of crime. Crime, you say? Yup, crime. That’s what price fixing is – white collar crime. Just because no one goes to jail didn’t mean it didn’t happen. Just look at your 401K from 2008 to say 2012. You was robbed.
Five publishing executives got together at a semi-okay but overpriced restaurant across the street from Lincoln Center (or so urban legends goes) and set prices for this new fangled thing called “ebooks.” These “ebooks” – despite the fact they required no physical manufacturing – should be priced at the exact same level as a physical book. This would keep the publishing income stable and their jobs more secure and rewarding. The only problem? Anti-American. Illegal. Anti-captialistic. Stupid. Wrong.
The Feds caught ’em. The New York Times did not report it. As Federal Judge Denise Cote sifted through the case, she came to the conclusion that publishing executives were telling lies on her stand. WHOPPERS. The New York Times did not report on it. The New York Times never ONCE reported on the devastating effects of price-fixing on the publishing industry.
Most New York Times reporters have day dreams of sugar-plums and book deals dancing in their heads. Don’t look to a NY Times writer to diss a publisher: It’s probably THEIR publisher. All New York Times writers active in books have a large corporate publisher behind them.
Don’t be fooled. The New York Times reporter want the truth only to a point: What he or she really wants is a book deal. Six-figures, please.
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