rumor of the day

Article in Financial Times (Apri 13, 2009) about a new eBook initiative which is billed as " 'i-Tunes-style' service to download digital books ... in preparation to take on ... Amazon and Google." Publishing Technology is the company behind this initiative and they are focusing on large publishers rather than on end users. The launch is set for this summer. Trials have been started with Random House, HarperCollins, and Penguin all owned by Pearson which also owns the Financial Times. We may remember that "Publishing Technology was created out of Vista International's reverse acquisition of Ingenta two years ago." There's little specifics in this article but it signals a venture to watch.
See -- "New chapter begins for book downloads," by Philip Stafford.
http://www.ft.com/cms/s/0/71f1ea4e-2770-11de-9b77-00144feabdc0.html