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announced<%2Fa> that%20after%20a%20bitter,%20months-long,%20highly%20public%20dispute,%20Amazon%20and%20Hachette%20have%20reached%20an%20agreement%20over%20how%20they%20will%20set%20e-book%20pricing.%20The%20mega-seller%20and%20the%20publisher%20did%20not%20immediately%20disclose%20the%20terms%20of%20the%20deal,%20but%20did%20reveal%20that%20Hachette%20now%20has%20the%20ability%20to%20set%20e-book%20prices,%20the%20original%20point%20of%20contention%20between%20the%20two%20companies.%20Michael%20Pietsch,%20the%20CEO%20of%20Hachette,%20called%20it%20"great%20news%20for%20writers,"%20while%20Amazon%20executive%20David%20Naggar%20declared%20it%20"a%20great%20win%20for%20readers%20and%20authors%20alike." %0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Faggregatedcontent%2Fhachette-blew-its-chance-make-amazon-truly-pay-its-bad-practices%2F" target="_blank" class="email" data-post-id="10248" type="icon_link">
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Thursday morning, The New York Times announced that after a bitter, months-long, highly public dispute, Amazon and Hachette have reached an agreement over how they will set e-book pricing. The mega-seller and the publisher did not immediately disclose the terms of the deal, but did reveal that Hachette now has the ability to set e-book prices, the original point of contention between the two companies. Michael Pietsch, the CEO of Hachette, called it "great news for writers," while Amazon executive David Naggar declared it "a great win for readers and authors alike."
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- Companies:
- Amazon.com
- Hachette Book Group
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