News Corp: HarperCollins And Amazon Ink A Multiyear Publishing Deal

The new deal for print as well as digital titles will allow HarperCollins to set the retail prices for its e-books. This is a positive development for the publisher primarily due to the pricing power that it will have over its titles. Book publishing revenues have grown at a steady pace in the recent past and now account for close to 20% of News Corp's overall revenues. We continue to believe that higher e-book sales will drive segment revenues in the coming years.