What Amazon is Up To
Friday, August 19, 2011
This week, Amazon Publishing announced its first marquee hire, bestselling self-help guru Timothy Ferris. Amazon's foray into publishing actual books has unnerved some in the publishing industry, who fear that the company's size (it has more money than all the major publishing houses combined) could lead to a vertical monopoly over the book world. Publishing industry watcher Mike Shatzkin talks to Brooke about the publishing landscape Amazon is entering and how the company may reshape it.