October 24, 2014 8:23 AM ET

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Company Overview of MacMillan, Inc.

Company Overview

MacMillan, Inc., a publishing and information services company, publishes and sells textbooks and children's books in the United States. It also offers reprinting services for the college market. The company was formerly known as Macmillan Company of New York and changed its name to Macmillan, Inc. in 1973. The company was founded in 1896 and is based in New York, New York. MacMillan, Inc. operates as a subsidiary of Simon & Schuster, Inc.

175 Fifth Avenue

New York, NY 10010

United States

Founded in 1896

Phone:

646-307-5151

Fax:

917-534-0980

Key Executives for MacMillan, Inc.

MacMillan, Inc. does not have any Key Executives recorded.

MacMillan, Inc. Key Developments

Macmillan and Apple Inc. to Settle a Lawsuit on E-Books

Macmillan agreed to settle a lawsuit brought by the Justice Department over the pricing of e-books, asserting that the potential costs of continuing to fight the action were too high. The agreement means that all five of the major publishing houses named in the suit have settled. The government accused them last spring of colluding with one another to set the price of e-books artificially high. Apple, which is also a defendant, will continue to trial in June. In the suit, filed in April, the Justice Department accused five of the six biggest publishers and Apple of conspiring in e-mails and over lavish dinners to set the price of e-books. The publishers had moved from a wholesale pricing model, which let retailers charge what they wanted, to a system that allowed publishers to set their own e-book prices, a model known as agency pricing. The defendants said they had tried to protect themselves from Amazon, which was pricing e-books below their actual cost, including many for $9.99, putting financial pressure on the publishers that they said would drive them out of business. The dispute underscored the extent to which competition from digital retailers like Amazon was transforming the traditional book industry. Three publishing houses, HarperCollins, Simon & Schuster and Hachette, settled with the government immediately. Penguin, Macmillan and Apple decided to fight the charges.

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