Let p∈[1,+∞[. The map m:g↦mg of L∞(X,μ) into L(Lp(X,μ)) is an isometric morphism of unital Banach algebras.
For a,b in C and g1,g2 in L∞(X,μ), one verifies at once that mag1+bg2=amg1+bmg2, hence the mapping m is linear. Moreover, one has m1=1Lp(X,μ) and mg1g2=mg1mg2, hence the mapping m is a unital algebra morphism of L∞(X,μ) into L(Lp(X,μ)).
Formula (1) above proves that m has norm ⩽1.
Let g∈L∞(X,μ) and g its class in L∞(X,μ). Let ε> 0. The set Y of the x∈X such that ∣g(x)∣>∥g∥∞−ε is not locally μ-negligible. There therefore exists a compact subset C of X such that μ(Y∩C)>0. Let φ be the characteristic function of Y∩C. Since
∥mg(φ)∥p=(∫X∣φg∣pdμ)1/p⩾(∫Y∣φg∣pdμ)1/p
⩾(∥g∥∞−ε)μ(Y∩C)1/p=(∥g∥∞−ε)∥φ∥p
it follows that ∥mg∥⩾∥g∥∞−ε. Since ε is arbitrary, one deduces that ∥mg∥⩾∥g∥∞, which proves that m is isometric.
Bourbaki sets the proof directly after the statement, and the corpus does not separate them, so what is above is the statement and its proof together.