Oops. Seems the Department of Justice doesn’t care for price-fixing and collusion, even when you put lipstick on it and call it the “agency model”.

Of course, it’s hard to take publishing spokesmen seriously when they claim that the physical printing costs were never a significant part of the cost to make a book, when they start selling e-books of thirty-year-old SF novels at the same price as new releases. (hint: some of us know how much work is actually involved in scanning, OCRing, and proofreading an old paperback)