Previously reported on the Archive - On Christmas Day, for the first time in its history, Amazon.com sold more digital books than the old fashioned kind. It was a watershed moment for the book industry—but it's scaring the hell out of traditional publishers. Even though they make the same amount on sales of both kinds of books, they see Amazon's digital dominance as a looming threat to their business, and with good reason. Their big worry: Amazon will end up with the same kind of pricing power in books that Apple has in music, and that the book industry will suffer the same kind of bruising decline. FULL STORY
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