Authors Guild head blasts Amazon.com buy of Goodreads

AP, Sunday 31 Mar 2013

Authors Guild president and best-selling novelist Scott Turow is condemning Amazon.com's purchase of Goodreads, a leading book recommendation website

In a statement posted Friday on the Author's Guild home page, best-selling novelist Scott Turow called the acquisition a "textbook example" of how a monopoly is built. Seattle-based Amazon.com Inc.

Announced Thursday that it had bought Goodreads, a favorite Internet stop for readers to review and discuss books. Founded in 2007 and based in San Francisco, Goodreads has 16 million subscribers.

Goodreads co-founder Otis Chandler is defending the sale, which has set off a debate about Amazon's market power. In a blog posting Thursday on Goodreads, Chandler said that Goodreads would continue to operate independently and that Amazon's resources would help his company reach more readers.

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