Authors Guild head blasts Amazon buy of GoodreadsMarch 29, 2013 @ 2:44 pm
NEW YORK (AP) - Authors Guild president and best-selling novelist Scott Turow is condemning Amazon.com's purchase of Goodreads, a leading book recommendation website.
In a statement posted Friday on the Guild home page, Turow called the acquisition a "textbook example" of how a monopoly is built. Seattle-based Amazon.com Inc. announced Thursday that it had bought Goodreads, a favorite Internet stop for readers to review and discuss books. Founded in 2007 and based in San Francisco, Goodreads has 16 million subscribers.
Goodreads co-founder Otis Chandler is defending the sale, which has set off a debate about Amazon's market power. In a blog posting Thursday on Goodreads, Chandler said that Goodreads would continue to operate independently and that Amazon's resources would help his company reach more readers.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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