[LINK] Random House Sets Royalty Rate

[Tony Barry]

<http://www.wired.com/news/culture/0,1284,40143,00.html>Random House 
Sets Royalty Rate Wired Random House becomes the first major 
publisher to deal with an issue debated between publishers, authors 
and agents for the last year, when it announced it will raise the 
royalty rate on electronic books from 15 percent of the cover price 
to 50 percent of net revenues. "The old (pricing) model had different 
incentives for the publisher and author, and we could sometimes end 
up in conflict," said Erik Engstrom, president and chief operating 
officer of Random House. "If we do it this way, we have exactly the 
same economic incentives"
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On Aboriginal Policy
"And if governments will not act, then this is a matter on which
people must act to secure a government that will.The dignity and
self esteem of Australia at some point will demand it."

Malcolm Fraser 24 Aug 2000