A lot of people were outraged by initial reports of Amazon’s price-check promotion, and a lot of that had to do with misinformation. Thankfully, Richard Russo sets the record straight about at least one point of contention. (The discount doesn’t apply to books.)
Amazon, whose tense negotiations with Hachette in the past months have led them to slow ship-times for its books, offered last night “to fund 50% of an author pool—to be allocated by Hachette—to mitigate the impact of this dispute on author royalties, if Hachette funds the other 50%.” Of course, Hachette may find calculating and allocating damages awkward so soon after authors flexed their social-media muscle. Sidebar: Amazon claimed “989 of 1000” items sold would be unaffected by this continuing “business interruption,” which might mean a full 1.1 percent of their business comes from just one mid-sized traditional publisher—heartening news from an unlikely source.