Wednesday, October 14, 2009
Amazon, the online retailing giant, did more than any other company to turn the sale of digital books into a real business with the 2007 launch of the Kindle electronic reader. The company has sold an estimated 1.7 million units of the handheld device in the U.S., and it's getting ready to ship millions more. On Oct. 6, Amazon announced that it would soon begin selling Kindles — complete with a key feature that allows users to wirelessly download e-books from Amazon — in more than 100 countries...
Major newspaper and magazine publishers, which are suffering mightily from the loss of subscribers and advertisers to the recession and the Internet, are also getting involved. News Corp. chairman and CEO Rupert Murdoch, owner of the Wall Street Journal, is reportedly considering a deal with Japanese consumer-electronics giant Sony, which in 2004 introduced the first commercially viable e-reader, to use a black-and-white display technology called electronic ink (also used by the Kindle). Sony is rolling out a new family of e-readers, including a pocket-size version and one with a large screen that's geared toward newspapers and magazines. [Click for MORE]
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