Are Book Publishers the New Record Labels?

Ten dollars for a virtual copy of a book one that you can t handle, sell, lend, or even read without a $259 device never seemed that reasonable to begin with. But with e-books gaining steam, most recently with a prominent inclusion on Apple s new iPad, it looks like publishing house MacMillan will push that price even higher. After a round of back-and-forth face slapping, Amazon has been forced to abandon its $9.99 e-book price cap to accommodate Macmillan titles that will sell for $12.99 and $14.99.

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