Amazon Signs Up Authors, Writing Publishers Out of Deal

For Publishers, It's Time To Adapt 

The rising wave of manuscripts moving from writers’ keyboards direct to readers’ hands built momentum recently. In case you missed the rumble of the latest break in this evolutionary cycle, Amazon has entered into publishing, both electronic and traditional paper.  In fact, it is committed to publishing 122 books this fall.

Publishers' responses to Amazon's publishing authors directly is reminiscent in some cases of the record industry's response to iTunes' disruption of its business model in 2001.

David Streitfeld’s article in the NYT captures a sense of the moment.
Other articles by David Streitfeld