You might have noticed that one major publisher is missing from the list of iPad adopters: Random House. You might think it’s because it doesn’t believe in the platform, or it has some dispute with Apple. None of the above. As the Financial Times has it, it’s because Random House doesn’t want to get into an ebook price war.

So let’s get this straight. To avoid a price war, the publisher is willing to stay with a company who requires a fixed price of $9.99? A company all the other publishers are glad to get away from? A company that is so desperate to keep publishers that it threatens to remove their goods from its store if those publishers don’t comply?

Yes. Apparently that. Granted, Apple’s model could potentially mean less profit per book for publishers because of the 30 percent cut it takes. It will make up for that, potentially, by giving publishers a little more control over their pricing and theoretically increasing the reach of ebooks. For the full story, head over to the Financial Times.