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What was really significant about this decision was the argument that the Justice Department made in this case, which the judge accepted and concluded was true, which was: instead of focusing on whether this deal would impact consumer prices, instead the justice department said this consolidation among publishers is going to harm authors. We’re going to go from 5 to 4 major publishers, and that’s going to reduce the competition for books, and therefore authors are going to be paid less.
That’s really a different kind of argument than we’ve heard in antitrust cases for about 40 years now.
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Watch the full interview here.
