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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Aftershock rattles Haiti's capital; violence fears ease | Video 9:11am EST In blow to Obama, Republican wins in Massachusetts | Video 9:59am EST Google attack puts spotlight on China's "red" hackers 6:45am EST Strong aftershock hits Haiti, causing panic 7:01am EST Q+A: What the Massachusetts upset means to Obama agenda 5:34am EST Fish oil protects against cellular aging: study 19 Jan 2010 Aftershock rattles Haiti's capital; violence fears ease | Video 9:11am EST In blow to Obama, Republican wins in Massachusetts | Video 9:59am EST Strong aftershock hits Haiti, causing panic 7:01am EST Google attack puts spotlight on China's "red" hackers 6:45am EST Amazon ups royalty on low-cost books sold on Kindle NEW YORK Wed Jan 20, 2010 8:19am EST Related News UPDATE 2-Amazon ups royalty on low-cost books sold on Kindle 7:47am EST Amazon takes larger-screen Kindle global Wed, Jan 6 2010 Amazon shares up after Kindle boosts e-book sales Mon, Dec 28 2009 UPDATE 2-Delay in Barnes & Noble's Nook seen as setback Mon, Dec 7 2009 EReaders, price war weigh on Barnes, Borders Tue, Nov 24 2009 NEW YORK (Reuters) - Online retailer Amazon.com Inc introduced a plan on Wednesday to offer authors and publishers a bigger cut of the discount books sold on its popular Kindle electronic reader. Technology Under the new program, which goes into effect on June 30, authors and publishers will get 70 percent of a book's list price, net of delivery costs. The plan is limited to books whose list price is between $2.99 and $9.99. The higher royalty program is also restricted to books whose list price is at least 20 percent below the lowest listed price for the physical book, Amazon said. The Kindle e-reader, introduced in 2007, has been a top selling item for Amazon. But it faces pressure from Barnes & Noble Inc and Sony Corp's rival e-readers. Authors typically get between 7 percent and 15 percent of the list price for their physical books, or 25 percent of the net proceeds publishers get for their digital books, Russ Grandinetti, vice president of Kindle Content, said in a statement. The statement did not specify what the current royalty rates are for books targeted by Amazon's new program. (Reporting by Phil Wahba in New York and Nivedita Bhattacharjee in Bangalore; Editing by Derek Caney) Technology Add a Comment More from Reuters BofA posts wider loss, but says credit stabilizing CHARLOTTE, North Carolina (Reuters) - Bank of America Corp reported a wider-than-expected quarterly loss, hurt by still-high loan losses and its repayment of U.S. government bailout aid. Obama's TSA pick withdraws after Republican roadblock Housing starts fall, producer prices rise Scott Brown wins; all is not lost for Dems Buffett sour on Kraft's candy deal Obama agenda imperiled by Republican Senate gain » More Top News Brown spells trouble for Dems President Obama's job got a lot tougher when voters committed what Democrats considered heresy -- electing a Republican to the seat left open by Edward Kennedy. Full Article | Video Bitter Senate battle ends All is not lost for Democrats Factbox: Why did the Democrats lose? Politics Strong aftershock hits Haiti An aftershock measuring 6.1 rattled already shattered buildings and created panic among people camping out on the streets of Port-au-Prince. Full Article | Slideshow Doctors' group says supplies diverted Aid slowest reaching quake center Preval: A survivor in a turbulent land Natural Disasters © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal ECVJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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