Amazon may shrink publisher...
07/09, 4:55pm
Amazon may up e-book price
Amazon's price cut of its Kindle 2 e-book reader have prompted some in the publishing industry to worry that the online retailer, which is far and away the leading provider of e-books, may put pressure on them to drop the prices for electronic versions of their books for the device, according to a Bloomberg report. Amazon reportedly pays between $12 and $13 to publishers for Kindle editions of books that are on the New York Times bestseller list and sells them for about $10 to customers. Many publishing houses are concerned the giant online vendor will put price pressure on them in order to bump its own profit margins.