Murdoch to spin off WSJ, rest of publishing unit – Rupert Murdoch, head of News Corp. will spin off the publishing arm including newspapers, magazines and HarperCollins into a new corporation to be called News Corp. The publishing business will be given $2.56 billion in cash and no debt, giving it the means to invest in digital operations and acquire businesses.
This separation is a little different than the direction that Hyperion and Amazon are going which is to acquire books tied in to various video media segments. Business on NBCNews.com
‘Niche authors hit’ by Amazon’s e-book royalty rates – This is kind of an ironic article. On the one hand you have people like Hugh Howey who believes that Amazon’s price floor is too restrictive. Amazon doesn’t allow you to give a book away for free as a self published author unless you participate in the KDP Select program which makes the book exclusive to Amazon for 3 months. Howey would have liked to have priced his book lower but was required to price his serial works at 99c each.
On the other hand, niche authors are stuck with the $9.99 ceiling. To the deputy chief executive of the Society of Authors, the inability to price higher is hurting them. Books priced outside the sweet zone between $2.99 and $9.99 are penalized by Amazon through a lower royalty rate.
Any book priced below $2.99 and above $9.99 receive only a 35% royalty rate versus a 70% royalty rate.
Kate Pool, deputy chief executive of the Society of Authors, commented: “Our concern is the increasing dominance that Amazon is having. It is starting to change the perception of books entirely and the danger is people will start to see them in terms of cheap items rather than the price reflecting the time and research that has gone in to it.”The Bookseller
Jane Litte is the founder of Dear Author, a lawyer, and a lover of pencil skirts. She spends her downtime reading romances and writing about them. Her TBR pile is much larger than the one shown in the picture and not as pretty.
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