Feds Probe Online Music Price Fixing

The U.S. Justice Department says it has launched an inquiry into possible price fixing in the burgeoning online music industry. Two record industry officials characterized the inquiry as essentially identical to one launched in December by New York Attorney General Eliot Spitzer, who subpoenaed several record companies searching for information on wholesale prices that music labels charge for downloadable digital music files. The Justice Department would not name the companies it has targeted. "The antitrust division is looking at the possibility of anticompetitive practices in the music download industry," spokeswoman Gina Talamona said Thursday.

Source - CNN