Quote:
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"We've objected to that ($10 per e-book) pricing for quite some time," says Simon & Schuster CEO Carolyn Reidy. "We have begun to see some cannibalization of hardcover sales as a result of that pricing. We have no control over it. We believe we're at a point where there's going to be an explosion of e-book reading. And if we didn't try to do something about it now, it may get to be too late."
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I think its refreshingly honest of her to admit that this decision is purely about the money and trying to screw over their customers, normally such sentiments are hidden away behind much more weasely phrasing.
I wonder how they will blame ebooks if hardcover sales continue to fall after they introduce this stupid idea.