Because they believe that Amazon's $9.99 price point for eBook best sellers was destroying the value of their product in the long term. Combined with their fear of a long term monopsony by Amazon in both paper and ebook markets.
Because they believe that Amazon's $9.99 price point for eBook best sellers was destroying the value of their product in the long term. Combined with their fear of a long term monopsony by Amazon in both paper and ebook markets.
I could be wrong, but weren't they making more on Ebook best sellers than hardcovers? I thought the wholesale price for each was the same ($12.50 or so).