Traditional Publishing challenged big-time

From The Bookseller.com

Amazon's Kirshbaum move could reduce competition—BEA
24.05.11 | Gayle Feldman

Responses to Amazon.com's hire of Laurence Kirshbaum as publisher have varied from worried to fear of a "dampening" effect on competition among delegates at the BEA conference.

Word that started to spread Sunday night was confirmed first thing Monday morning with the announcement that Kirshbaum, former TimeWarner c.e.o.-turned-agent, would be heading up Amazon's publishing operation in New York.
Everybody knew that an Amazon push into frontlist publishing was coming: the move into original genre books and the cooperation with Houghton Mifflin Harcourt was not enough to satisfy the giant's ever-hungry maw. Highly-placed executives from New York houses have been migrating to Amazon for a while, and the company ratcheted up expectations after circulating a recruiting letter for various personnel a few weeks back. The question was only when.

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