Hi AppNewser readers - we're now a part of Mediabistro's SocialTimes.com. For more great App news, reviews, guides and tips, head over to InsideMobileApps.

How Barnes & Noble Is Affected By DOJ Lawsuit

The Justice Department’s lawsuits against five of the big six publishers over the eBook agency pricing model, Barnes & Noble has been put in a tough spot.

The Wall Street Journal has more: “Barnes & Noble Inc. bore the brunt of Wednesday’s antitrust settlement between the U.S. government and three major book publishers, losing 6.4% of its market value on Thursday alone and tumbling 17% this month.”

The movement away from an agency pricing model favors Amazon, who can afford to offer competitive discounts on bestsellers. The giant may be slow to jump on the opportunity. James McQuivey, principal analyst at Forrester, told Digital Book World, ”Amazon is going to want to bring prices down but they’re going to do it strategically. Amazon will lower prices with some best-sellers first, but they’re not going to cut across the board.”

Related Stories
Mediabistro Course

Social Media 201

Social Media 201Starting October 13Social Media 201 picks up where Social Media 101 left off, to provide you with hands-on instruction for gaining likes, followers, retweets, favorites, pins, and engagement. Social media experts will teach you how to make social media marketing work for your bottom line and achieving your business goals. Register now!