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I love it when people say, "I'm not concerned about privacy, and if you are, you're paranoid".
As the saying goes: "ignorance is bliss".
To the O.P. - To protect your privacy, you need to assume that every company that markets an eReader is trying to gather data on you (because they probably are!) Some products may have an "off" button that supposedly turns off data collection. We've seen many examples of where "off" actually means "partially off, for some things". Microsoft Windows, Google, and Amazon are some of the big name players you should probably be suspicious of.
What I would do (actually, what I "have done") is to set up a temporary WiFi network on my router and give its password to the new electronic gizmo. Get the gizmo registered using this internet connection. Then put the gizmo in airplane mode. Then delete the temporary WiFi network on your router. The thinking being, since you can't really trust an "off" button supplied by an adversary, you need to create your own "off" button. Once you've cut the umbilical cord (network connection) for your gizmo, sideload your books to it locally, over the USB connection. And learn how to do firmware updates locally too (without requiring an internet connection on the gizmo).
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