Senator Urges DOJ to Drop The eBook Lawsuit Against Apple

Senator Charles Schumer is warning the U.S. Department of Justice that its lawsuit against Apple and other top eBook and traditional print publishers could conceivably “wipe out the publishing industry as we know it.”

According to the prominent New York Senator, the danger comes in giving Amazon an opportunity to regain a monopoly share of the market.

Penning an op-ed piece in the Wall Street Journal appropriately titled “Memo to DOJ: Drop the Apple E-Books Suit: Restoring Amazon’s monopoly in digital publishing is not in the public interest,” Schumer states his view that Apple’s role in the e-book industry is essential for long-term competitive consumer pricing and as a channel for new writers to have their work exposed to the masses.

“The e-books marketplace provides a perfect example of the challenges traditional industries face in adapting to the Internet economy,” Schumer writes. “Amazon took an early lead in e-book sales, capturing 90% of the retail market. Because of its large product catalog, Amazon could afford to sell e-books below cost.”

According to Schumer, the lawsuit, if allowed to continue, “will restore Amazon to the dominant position atop the e-books market it occupied for years before competition arrived in the form of Apple. If that happens, consumers will be forced to accept whatever prices Amazon sets.”