Amazon announced on Monday that it would give publishers as much as 70 percent of the revenues it collects from selling newspapers and magazines through its Kindle store, The New York Times reported.
The royalty increase will take effect on December 1 and will be calculated on the retail price minus the delivery costs, The Associated Press reported. However, to qualify for it, "publications must be able to be read on all Kindle devices and applications built for devices such as Apple's iPhone and the Blackberry," Agence France-Presse explained.
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