Wired has some News on e-publisher MightyWords, and it\’s not good news. It seems MightyWords emailed more than 5,000 authors that have stuff with MightyWords, half of them were told to hit the road, the other half got their royalties cut from 50 percent to 70 percent of what they\’re contracted for now.
\”We are interested in building a company that is here for the long term,\” said Judy Kirkpatrick, executive VP and general manager of MightyWords. \”What we are doing is fine-tuning a sustainable business model.\”
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