Macmillan

John Gapper

Visitors try out various ebook readers at a book fair in Frankfurt. Image by Getty

Visitors try out various ebook readers at a book fair in Frankfurt. Image by Getty

So the US Department of Justice has struck, pushing three of the major book publishers into a settlement that will allow Amazon to resume discounting of electronic books, with three others left outside the settlement.

I’ve argued before against the anti-trust actions in the US and Europe to limit “agency pricing” by  publishers and hand power back to Amazon, so I won’t rehearse that here. Instead, I’ll consider briefly what the effect of the settlement is likely to be.

In short, although it is clearly good news for Amazon and bad news for the big publishers, the outcome may not be as clear-cut as the headlines suggest.