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Murdoch Says E-Book Prices Will Kill Paper Books
hrimhari writes "The settlement between Amazon and Macmillian got the attention of a known dinosaur. Consistent to his views, Mr. Murdoch wants to defend his book editors by killing the cheaper solution. '"We don't like the Amazon model of selling everything at $9.99," Murdoch said. "They pay us the wholesale price of $14 or whatever we charge," he said. "But I think it really devalues books, and it hurts all the retailers of the hardcover books.'"
Why would his own network trash him? It'd be more likely to be on CNN or MSNBC (MSNBC being the more likely of the two) would have that story.