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Remember how much money e-readers were supposed to save book buyers? It was among the big reasons why 20 million Americans decided to take the plunge.
So why is it that consumers are still paying through the nose for e-book titles that ought to cost a fraction of the price charged for the used hardcover version?
A lot of readers fuming over that question reminded me of their frustration in the aftermath of the latest flare-up between Amazon and the publishing industry. On Wednesday, more than 4,000 e-titles sold by Independent Publishers Group, one of the nation's biggest independent book distributors, got pulled by Amazon as the result of a dispute over pricing. IPG's Kindle contract was up for renewal and Amazon sought to extract more favorable margins. IPG refused to cave and so, the impasse.