Wal-Mart to Acquire Jet.com for $3.3 Billion in Cash, Stock – In the largest acquisition of a US-based e-commerce startup, Wal-Mart is purchasing Jet.com with the hope of competing more effectively with Amazon. It is unclear how this deal will affect Walmart’s book inventory and sales, if at all. There are also questions ... more >
Wait, it’s Friday already? Universal-EMI Merger Could Yield New Mega-Label To Threaten The Future Of Music – Did the internet ruin record labels? I mean, Napster, Pandora, the decline of the CD and the rise of the low priced single heralded the end of labels, right? Apparently not. The four ... more >
Anderson News announced last month it would charge 7c per copy to the publisher for the distribution of magazines and books. Publishers balked and refused to ship the content to Anderson News. Now Anderson News has suspended “Normal Business Activities.” The distributor services 40,000 outlets including 2300 Wal-mart stores. Most ... more >
One reason I was so disgusted when Kindle debuted with its super proprietary Mobipocket format was because of the history of companies, both big and small, to stop supporting the proprietary format of the month, leaving its consumers high and dry. Wal-mart has announced that it will end its video ... more >
Word came down a few weeks ago that the brick and mortar Wal-mart stores were reducing the number of mid list authors it was going to carry. According to Black Romance Reader, that is not the only negative book shelving change that is going on. BRR reported that the following: ... more >