Amazon Willing To Renegotiate E-Book Pricing With Rupert Murdoch's HarperCollins

In News Corporation's earnings call today, media mogul Rupert Murdoch (whose company owns publishing giant HarperCollins) made public that they're discontent with Amazon's e-book prices, and that Amazon is "is now ready to sit down with us again and renegotiate pricing."

Murdoch further detailed, "We don't like the Amazon model of $9.99....we think it really devalues books and hurts all the retailers of hardcover books. We're not against electronic books, on the contrary, we like them very much," because they cost us less to distribute, "but we want some room to maneuver."

With Murdoch's first step, HarperCollins will be the first to publically disagree with Amazon's pricing scheme – it may very well be only a matter of time that all the other publishing giants follow act, some way or another.