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News Corp will officially split into two companies June 28
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May 24 2013: As expected, News Corp has announced it will officially split its publishing and entertainment businesses on 28 June.
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Its board approved the separation into two firms, which will both be headed by the current chairman and chief executive Rupert Murdoch.
The publishing firm...
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Judge rules unused Borders gift cards to be worthless
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May 23 2013: Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, a Manhattan federal judge ruled on Wednesday.
U.S. District Judge Andrew Carter said it would be unfair to other creditors of the former Borders...
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British Parliament asks Amazon to clarify why it pays $9 million in income tax on $23 billion of UK sales.
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May 20 2013: Amazon will be called back to give further evidence to members of the British Parliament "to clarify how its activities in the U.K. justify its low corporate income tax bill," Reuters reported, noting that during the past six years, Amazon has paid approximately $9 million in income tax on more...
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U.S. ebook sales up in 2012, but rate of growth is slowing
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May 16 2013: In 2012, trade book sales (i.e. non academic book sales) rose 6.9%, to $15.049 billion, and e-book sales continued to grow, although the rate of growth slowed.
After several years of triple-digit growth, e-book sales grew 43% in 2012, representing 457 million e-books compared to 557...
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U.S. paints Apple as 'ringmaster' in its lawsuit on e-book price-fixing
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May 15 2013: In their filings ahead of the June 3 trial date, the Justice Department and Apple present very different outlines of events that led to the adoption of the agency model for e-books in 2010 by five of the six major U.S. publishers (who have all already settled with the Justice Department)....
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Amazon workers in Germany strike for hourly pay of US$13.84
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May 14 2013: The German union Verdi has called a strike today at two Amazon facilities in Germany--in Leipzig and Bad Hersfeld--that is expected to last from 6 a.m. until "the end of the late shift." In Leipzig, the union is calling for starting pay of 10.66 euros ($13.84) an hour, compared with 9.30 euros...
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Microsoft source says no plans to buy Nook
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May 14 2013: The Web site Insider Monkey posted a story Monday, quoting a "highly placed source inside Microsoft" saying that the company has no plans to buy Barnes & Noble’s Nook Media group. Last week, citing documents it said it had seen, TechCrunch reported that Microsoft was prepared to offer $1 billion...
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Microsoft may buy Nook Media LLC
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May 09 2013: Microsoft is reportedly offering to pay $1 billion to buy the digital assets of Nook Media LLC, the digital book and college book joint venture with Barnes & Noble and other investors, according to internal documents Techcrunch...
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Marketplace Fairness Act passes Senate
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May 07 2013: The US Senate have passed the Marketplace Fairness Act, requiring "remote" retailers with out-of-state sales of at least $1 million to collect applicable state and local sales tax on all purchases. The bill now goes to the House of Representatives, where it faces stronger opposition.
"This...
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David Poindexter, Founder of MacAdam/Cage, dies aged 59
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May 01 2013: Founder of MacAdam/Cage Publishing David Poindexter, 59, died April 29 of cancer, just three months after he was diagnosed. Poindexter founded the independent publishing house in 1998, publishing authors including Audrey Niffenegger, Susan Vreeland, and Ann...
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Hachette eBooks (inc Little Brown & Grand Central) to be available in libraries soon
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May 01 2013: Following a pilot project, Hachette has announced that it will make its full catalogue available to libraries to lend in e-book form. The program will begin next week, with titles available through vendors OverDrive, 3M, and Baker & Taylor. In a statement, ALA officials hailed the move as a sign...
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"Man Without a Face" author Masha Gessen to write book on Tsarnaev brothers
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May 01 2013: The first major book on the Tsarnaev brothers, the suspects in the Boston Marathon bombings, will be published by Riverhead Books and written by the Russian-American journalist Masha Gessen, the author of "The Man Without a Face," a biography of Vladimir Putin. Ms. Gessen is well qualified to...
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