Publishing Leaders Issuing Warning over Amazon’s Market Power

Amazon's power is far reaching, the letter states, including using predatory pricing and its market dominance "to engage in systematic below-cost pricing of books to squash competition in the book selling industry as a whole." As for the entire publishing industry, the letter states, "we believe that Amazon acts anti-competitively in multiple ways, dictating the economic terms of its relationships with suppliers so that publishers, their authors, and the booksellers who sell on Amazon pay more each year for Amazon's distribution and advertising services but receive less each year in return."