Amazon, Hachette, James Patterson says Amazon practices a "national tragedy"

Why Is Amazon Squeezing Hachette? Maybe It Really Needs the Money - NYTimes.com: "Amazon hasn’t really explained what it is after, but here’s one compelling theory: The company just doesn’t have enough money to finance everything it wants to do. Rather than trim its ambitions, it is putting one side of its business through the wringer to pay for another."

James Patterson calls Amazon's practices 'a national tragedy' - CSMonitor.com"Writer James Patterson accepted the Indie Champion award at Book Expo America in New York City. Patterson received the award for his plan to distribute one million dollars to indie bookstores.  During his acceptance speech, the author called Amazon’s business practices “a national tragedy,” according to industry newsletter Shelf Awareness."

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