Sunday, April 8, 2012

Amazon’s $1 million secret--By quietly supporting small presses and literary nonprofits, is Amazon backing book culture or buying off critics? From @salon

Yes, much of the literary world is in full-throated revolt against Amazon’s dominance — bookstores fear Amazon will push them out of business, authors worry about deep discounting, and the Department of Justice is considering the major publishers’ challenge over the price of e-books. But amid the public and private rancor, the massive e-retailer is very quietly trying to make friends in the book world. Its strategy is simple and employs a weapon Amazon has in overwhelming supply: Money.

More here.....

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