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Washington (AFP) – Publisher Hachette and online retailing giant Amazon said Thursday they had reached a deal to end their acrimonious feud over online book sales.

After six months in which Amazon clamped down on sales of books by the publisher on its website, the two announced a multi-year agreement on ebook and print book sales in the U.S. market.

The deal gives Hachette Book Group, a subsidiary of France’s Lagardere group, the responsibility for setting retail prices for ebooks beginning in early 2015, according to an announcement from both companies.

No specific terms for the deal were released, but the statement said Hachette would have incentives to keep its prices low.

“This is great news for writers,” said Michael Pietsch, chief executive of Hachette Book Group.

“It gives Hachette enormous marketing capability with one of our most important bookselling partners.”

David Naggar, vice president for Kindle, the ebook unit of Amazon, said the incentives for Hachette to hold prices down “will be a great win for readers and authors alike.

AFP Photo/Emmanuel Dunand

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Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

Political Spending At Trump Properties Plunges Sharply

Reprinted with permission from ProPublica

The number of federal political committees that have spent money in the first half of 2021 at Trump Organization properties has dropped dramatically from the same period two years ago, Federal Election Commission filings show. Those continuing to spend: a smaller circle of loyal supporters of former President Donald Trump and candidates jockeying for his favor in contested Republican primaries.

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