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Amazon profit drops by 57% in fourth quarter 2011
Amazon released its fourth quarter 2011 results this week, reporting a 57% drop in profit for the period, but a 35% increase in revenue. The company's operating expenses rose 38% for the quarter compa...
B&N won’t stock Amazon titles in stores
In response to last week's news that Houghton Mifflin Harcourt will distribute Amazon Publishing titles in North America, Barnes & Noble (B&N) has announced this week that it will not stock ti...
Amazon announces Kindle lending library
Amazon has launched a lending library of Kindle ebook titles, available only to members of its 'Prime' loyalty scheme in the US.
ACCC, OFT clear Amazon acquisition of the Book Depository
The Australian Competition and Consumer Commission (ACCC) and the UK Office of Fair trading (OFT) have declared that they will not oppose Amazon's proposed acquisition of UK-based online book retailer...
Kobo to launch publishing arm
Kobo CEO Michael Serbinis has told CBC News that his company will offer a publishing arm. 'It's part of the new market and if you expect to be a number one player in that market globally it's table st...
Amazon profits fall by 73%
Amazon's quarterly profit has fallen by 73% due to heavy investment in the Kindle Fire and other infrastructure.
Amazon adding HTML5 to Kindle format
With the launch of its Kindle Fire tablet next month, Amazon will also launch a new ebook format that will provide designers with access to a variety of updated features, including HTML5. Ebooks on ...
Kobo devices now available at JB HiFi; Collins launch to follow this week
Kobo ereading devices are now available from JB HiFi. The retailer is selling the Kobo Wireless Ereader for $138, and the new Kobo Touch Ereader for $168. The Weekly Book Newsletter understands ...
How Amazon makes money from Kindle
This report indicates that Amazon loses money on each Kindle device but will make money from selling media files.
Houghton Mifflin Harcourt to distribute Amazon books in US
Houghton Mifflin Harcourt's new imprint New Harvest will distribute books published by Amazon Publishing in the US 'outside of the Amazon.com platform', reports Galley Cat.
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