Red Room Where the Writers Are

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With as many as 3 million e-book reader sales predicted by the end of this year, and the ever-rising trajectory of e-book sales -- now estimated as high as 5 percent of all book sales -- publishers have a vested interest in controlling the royalty rate, especially since they have such a difficult time telling Amazon (AMZN), Wal-Mart (WMT), and other retailers how to price books. via DailyFinance