From The Digital Shift:
Libraries Online Incorporated (LION), a consortium of twenty-five Connecticut public, academic, and school libraries, has imposed a moratorium on the purchase of ebooks from Random House. The action, which was unanimously approved by LION members on March 20, is in response to the March 1 price hike put in place by Random House that doubled and sometimes tripled the price of ebooks for libraries.
Under Random House’s new pricing policy, an ebook that would have cost the LION consortium $35 to purchase through OverDrive on February 29 cost them $105 on March 1, according to Richard Conroy, the president of LION.
“A private individual can purchase the ebook edition of that same book through Amazon for $17.99, which LION consortium members felt made Random House’s decision to raise prices for libraries both discriminatory and totally arbitrary,” Conroy said in a statement emailed to LJ.
Conroy has written a letter to Random House informing the company of the decision.”
More in the article.
(Via The Digital Shift.)