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(From Guardian Unlimited)
Fear and loathing among the movers and shakers of America's publishing industry reached new heights late last night with both Random House and Macmillan denouncing top literary agent Andrew Wylie's move into digital publishing.
Home to 700 authors and estates, from Philip Roth to John Updike, Jorge Luis Borges and Saul Bellow, the Wylie Agency shocked the publishing world yesterday when it announced the launch of Odyssey Editions . The new initiative is selling ebook editions of modern classics, including Lolita, Fear and Loathing in Las Vegas and Updike's Rabbit tetralogy, exclusively via Amazon.com's Kindle store, leaving conventional …