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News Update: Amazon (NASDAQ: AMZN) Reaches Pricing Agreements with Two Major Publishers

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Uploaded by on Apr 1, 2010

4/1/2010-The Wall Street Journal reported Thursday that Amazon.com (NASDAQ:AMZN) has agreed to halt its heavy discounting of e-book best-sellers in new pricing deals with with CBS Corp.'s (NYSE:CBS) Simon & Schuster and News Corp.'s (NASDAQ:NWSA) HarperCollins Publishers.

Under what's referred to as the agency pricing model, some new best sellers will be priced at $9.99 but most will be priced at $12.99 to $14.99.

The new deals ensure that Amazon will have the same array of titles that rival Apple (NASDAQ:AAPL) will offer on its digital bookstore for the new iPad.

Amazon declined to comment on the deals.

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