Penguin looks to Los Angeles, Cleveland to expand e-book lending
A Kindle with books.
(Credit: Sarah Tew/CNET)
Penguin Publishing is loosening its grip a bit in the e-book-lending market.
The company will announce today that it will expand its e-book lending program to Los Angeles and Cleveland, the New York Times is reporting. Penguin launched an e-book-lending service to New York public libraries in September. The success of that program has prompted it to expand elsewhere.
Penguin is keeping a tight hold on its books. According to the Times, Penguin sells books to public libraries six months after their launch. The books can only be lent to one…
The rest is here: Penguin looks to Los Angeles, Cleveland to expand e-book lending