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Amazon Reaches Multiyear E-Book Pact With Macmillan Publishers

Amazon.com Inc. and Macmillan have reached a deal covering the sale of print and e-books, the latest agreement between the online retailer and a publishing house following controversies over the share of e-book profits.

Macmillan Chief Executive Officer John Sargent posted a letter today on the publisher’s website saying he had struck an agreement with Amazon last week, with the pact going into effect on Jan. 5. Under the deal, e-books will go under an “agency model,” with the publisher setting consumer prices of the digital books and retailers taking a cut of the sale.