Murdoch Says E-Book Prices Will Kill Paper Books 538
hrimhari writes "The settlement between Amazon and Macmillian got the attention of a known dinosaur. Consistent to his views, Mr. Murdoch wants to defend his book editors by killing the cheaper solution. '"We don't like the Amazon model of selling everything at $9.99," Murdoch said. "They pay us the wholesale price of $14 or whatever we charge," he said. "But I think it really devalues books, and it hurts all the retailers of the hardcover books.'"
