Ama­ inks ex­clu­sive e-book deal, sees in­come rise

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE - Com­piled from wire re­ports

Ran­dom House Inc., the coun­try’s lead­ing trade pub­lisher, said it would con­duct no new English-lan­guage busi­ness with the Wylie Agency af­ter the lit­er­ary agency an­nounced an ex­clu­sive agree­ment to re­lease elec­tronic edi­tions of works by John Updike, Sal­man Rushdie and other Ran­dom House au­thors through on­line re­tailer Ama­ Inc. The moves un­der­score the gap be­tween what agents and au­thors want to re­ceive and what pub­lish­ers are will­ing to pay for e-books.

Sep­a­rately, Ama­ said its sec­ondquar­ter in­come jumped, bol­stered by shop­pers who spent more with the on­line re­tailer even as con­sumer con­fi­dence fell over­all.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.