For Media Industry, a Mixed Bag in iPad
Apple Inc.'s iPad tablet device, shrounded in secrecy until Wednesday, has been hyped as a coming revolution for all corners of the media business. But while the gadget, in its debut, promised to upend how people read and pay for books, it offered few signs that a new model for distributing TV shows, movies or magazines.
Apple Chief Executive Steve Jobs announced a new online bookstore—iBooks—and a deal with big book publishers, setting the stage for a battle with e-book front-runner Amazon.com Inc. Publishers will get to set the retail price for each of their titles, unlike with Amazon. (Source: Jeffrey A. Trachtenberg and Shira OvideVIDE, Wall Street Journal)
Chris De Herrera