The Future of the Ebook

Macmillan Surrenders in Ebook Suit, Leaving Apple to Fight on Alone

Macmillan's HQ. (Photo:

When four of the biggest publishers in the U.S. worked with Apple to create a new model of book sales, one that allowed them to set a minimum price on ebook sales, it was clearly meant to buck Amazon’s stubbon insistence on charging $9.99 even for the newest releases. What wasn’t so clear was the legality of the move. Matters settled into an uneasy truce until April, when the Justice Department accused them all of colluding to fix prices.

Now Macmillan, the last of the book businesses still fighting, has finally caved. As part of the settlement, the company has agreed to let booksellers (i.e. Amazon) resume their previous cost-cutting.

But just because you settle doesn’t mean you have to say you’re sorry. Read More

Your Cheating Ways

Attention Startups, Online Gambling May Be the Big Market in New York for 2012

The iPad would but be fun to "scratch" on.

Since 2005 New York State has allowed residents to enter their number for Lotto or MegaMillions through an online subscription. But it has also been building a much broader and more advanced online gambling system that it was reluctant to launch over legal concerns. A recent decision by the Justice Department, however, seems to have cleared the way for states to run internet gaming operations within their own borders, and New York officials are pumped!

“We’ve been waiting for a couple years,” Gordon Medenica, the director of New York State Lottery, told The New York Times. “We’re thrilled that this ruling has now come down and confirmed that our legal analysis was correct all along.” Read More