Penguin Ends E-Book Library Lending And Relationship With OverDrive

Penguin announced that it is ending its relationship with digital library distributor OverDrive.

Starting Feb 10, it will stop offering e-books and digital audiobooks to libraries—at least until it finds a new partner. With this move, Random House becomes the only big-six publisher to allow unrestricted access to its e-books in libraries -- though it will raise prices beginning in March. As e-book borrowing from libraries skyrockets, publishers fear that borrowing will cut into paid sales of print and digital materials.