Amazon War: Hachette Jumps on Macmillan's Pricing Bandwagon

Anyone hoping for a quick resolution to the shot heard 'round the publishing world will have to wait a little longer. Macmillan, one of publishing's Big Six, last week announced it would set prices for its own digital editions under the "agency model," and give retailers a 30% cut instead of the traditional 50%, provoking Amazon (AMZN) to remove all Macmillan titles. A follow-up paid ad in Publishers Lunch by Macmillan CEO John Sargent now says: "I cannot tell you when we will resume business as usual with Amazon, and needless to say I can promise nothing on the buy buttons. You can tell by the tone of this letter though that I feel the time is getting near to hand."