Three of the publishers involved in the antitrust suit levied by the U.S. Department of Justice against Apple and others have officially reached a settlement, with $69 million going to consumers as a result, Baltimore's ABC 2 reported on Thursday.
Hachette, HarperCollins and Simon & Schuster will issue the payouts and agreed to terminate agency pricing contracts with publishers such as Amazon and Barnes & Noble. This pricing model, which mirrors Apple's 70-30 revenue split with software developers on the App Store, includes a "most favored nation" clause that
