Are Apple and Publishers Helping Readers by Ripping Them Off?

Apple iPad (cc photo: Tom Raftery)

The Justice Department alleges that Apple‘s collusion with book publishers to fix ebook prices has cost readers $100 million. So why are so many news reports on the anti-trust suit suggesting that the Apple/publisher alliance is actually good for consumers? The New York Times‘ David Streitfeld (4/12/12) warns: Amazon, which already controls about 60 percent of the ebook market, can take a loss on every book it sells to gain market share for its Kindle devices. When it has enough competitive advantage, it can dictate its own terms, something publishers say is beginning to happen. Likewise CNN‘s Doug Gross (4/11/12): […]