Publishing World Going Digital
Amazon.com is changing its pay structure for publishers who sell versions of their wares for its Kindle electronic reader.
Amazon says it will now pay publishers 70 percent of the retail price, after subtracting delivery costs, for each magazine or newspaper sold at its Kindle Store. That’s a switch-up from what Amazon was said to be paying last year for subs to publications like The Wall Street Journal. News Corp. publisher Rupert Murdoch said last December that Amazon.com pays News Corp. a little more than a third of the $14.99 monthly subscription fee for the Journal — which he described as “not a great deal.” The move by Amazon takes effect December 1.