Amazon's Publishing Plans Cause Rivals Some Unease
Traditional publishers wary of big hire
Earlier in the week, Amazon announced that it was hiring Laurence Kirshbaum, the former CEO of Time Warner Book Group, to head a new publishing imprint. This seems like an odd time for Amazon to be making its mark on the publishing industry. Book sales are down, major book chains like Borders are shutting their doors, and e-books are outselling print books on Amazon.
Now many rival publishers are confused and nervous about Amazon’s new direction, especially considering how tight-lipped the company has been about its plans for Kirshbaum, says the New York Post.
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