Amazon speaks out on Hachette dispute: “We are not optimistic that this will be resolved soon”

GigaOM :: Amazon spoke out on its contract dispute with book publisher Hachette, saying it’s unlikely the parties will reach an agreement any time soon. The retailer also said it’s offered to fund half of an “author pool” to mitigate the impact on Hachette authors’ lost royalties.

Read Laura Hazard Owen, gigaom.com