Teleread is reporting this today. From the original article:
For those who have been paying close attention, this is not news. It came up at the Massachusetts Library Association conference in May, it was bruited about at the American Library Association (ALA) annual meeting in Anaheim in June, and it was mentioned in a “corner office” interview I had with Skip Dye, Random House’s vice president of library and academic marketing and sales, during LJ’s virtual ebook summit on Wednesday. But the potential implications of Random House’s stance are not receiving enough attention and consideration.
“This is our business model: we sell copies of our ebooks to an approved list of library wholesalers, and those wholesalers are supposed to resell them to libraries. In our view, this purchase constitutes ownership of the book by the library. It is not a license.”