Amazon Strikes Deal With Simon & Schuster
Simon & Schuster has negotiated a multiyear deal with Amazon for both print and electronic books, the publisher told its writers Monday.
The agreement "is economically advantageous for both Simon & Schuster and its authors and maintains the author's share of income generated from eBook sales," said a letter signed by Carolyn Reidy, the publisher's chief executive. A copy of the letter was obtained by The New York Times.
"With some limited exceptions," the new contract gives control of e-book pricing to Simon & Schuster, the letter said.