S&P also bumped up Amazon’s credit rating one notch to ‘BBB-‘ from ‘BB+’, citing the company’s “strong brand, robust performance, and improved credit-protection metrics” during a “difficult retail environment.” In other Amazon news, Mark Bertils puts the lack of Kindle availability in Canada, the UK, and other territories squarely on the shoulder of Jasper Wireless, which is Amazon’s direct wireless partner, not Sprint: “I am willing to bet that Amazon’s contract with Jasper is exclusive. For the Kindle to grow, Jasper has to grow. And the MVNO market is dead everywhere but in the US and Jasper’s specialty — machine-to-machine […]
News
Dubai Festival Responds to Censorship Allegations
The inaugural Emirates Airlines International Festival of Literature in Dubai got off to a rocky start yesterday with reports that Geraldine Bedell, originally under consideration but not on the festival’s final schedule, had been disinvited because her novel, The Gulf Between Us, contains references to homosexuality. “I do not want our festival remembered for the launch of a controversial book,” the Times of London reports festival director Isobel Abulhoul wrote to Bedell. “If we launched the book and a journalist happened to read it, then you could imagine the political fallout that would follow.” Bedell also told the Times of […]
Alfred A. Knopf, Jr. Dies
Alfred A. Knopf, Jr., co-founder of Atheneum Publishers (leaving his parents’ company, Knopf, in 1959 to do so), died Saturday at the age of 90 from complications of a fall in mid-January. NYT Obit
Reed Nearing Deal to Extend Loans
Reed Elsevier is close to securing a “forward-start agreement” to extend about $2bn of loan debt by three years. The Financial Times reports that the deal, which is expected to close in the next few weeks, will see Reed pay up to 225 basis points more than the London interbank rate to lending banks including Barclays and the Royal Bank of Scotland. Reed has about $5bn of debt to refinance before 2012 and “must repay $2bn of ChoicePoint acquisition financing in March 2010 and $2.2bn a year later.” Reed’s $3bn committed back-up bank lines expire in May 2010. Meanwhile, the […]
Announcements
Amazon plans another exclusive Kindle download, partnering with America’s Test Kitchen to offer The Cook’s Illustrated How-to-Cook Library: An illustrated step-by-step guide to Foolproof Cooking for free starting February 24. Thriller writer Andy McNab’s audiobook company GoSpoken struck a deal with Research in Motion to supply e-books to the Blackberry and other smartphones.Times (London)
The Librarian's Role in the Digital Age
Motoko Rich continues her series on “The Future of Reading” by looking at P.S. 225 librarian Stephanie Rosalia, part of “a growing cadre of 21st-century multimedia specialists who help guide students through the digital ocean of information that confronts them on a daily basis.” These new librarians believe that literacy includes books, but also exceeds them via Powerpoint presentations and social networking sites. “The days of just reshelving a book are over,” Ms. Rosalia said. “Now it is the information age, and that technology has brought out a whole new generation of practices.” Yet school librarians are often the first […]