CEO Says Sorry to Yahoos for Borked Bio “Distraction” — But Will Mea Culpa Work Without an Apology for Error? (Memo)

He’s sorry. Deeply regrets. Apologizes. Takes full responsibility for the distraction. You know the drill.
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Loeb Lobs Lawsuit, as Expected, at Yahoo’s Borked Bio Mess

Botched CEO bio. Activist shareholder. Screwy board of directors. Mix it all together and what do you get?
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Apple’s $8 Billion Media Business

A record $1.9 billion quarter for iTunes.
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Voices

Justice Department Bites Apple

The 30 percent revenue-share model is Apple’s standard practice, not, as alleged by the government, the product of a conspiracy. Whether it’s news, games, apps or books, Apple’s position is the same.

Amazon SVP of Worldwide Digital Media Steven Kessel Taking Time Off

Amazon has confirmed to All Things D that Steven Kessel, a 13-year veteran responsible for the company’s Kindle business, is taking time off.
Amazon CEO Jeff Bezos holds up the new Kindle Touch in New York

Dear Amazon Shareholders: Our Customers Adore Us! Love, Jeff Bezos.

Customers, yes, but Apple and the book-publishing industry — not so much.
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The Hottest Trend in E-Commerce? Clothes.

eMarketer is predicting that this year apparel and accessories will beat books, music and videos as the fastest-growing e-commerce category.
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Encyclopaedia Multimedia

Some people will feel sad about it and nostalgic about it. But we have a better tool now. The Web site is continuously updated, it’s much more expansive and it has multimedia.

Jorge Cauz, the president of Encyclopaedia Britannica Inc., which has stopped printing physical books after 244 years, and will stop selling them when current inventory runs out

News Byte

Textbook Renter Chegg Raises $25 Million

Chegg, the on- and off-line textbook rental service, has raised $25 million in an inside round. A PR rep for the company says the money will be used for the “growth of the business and is lead by existing investors.” Chegg says insiders aren’t selling shares in conjunction with the raise.

A Textbook Case of iPad Fun With Studying

Katie looks at the new iBooks 2 app which offers enhanced educational textbooks that are, for now, focused on high-school students.
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Apple Unveils iPad Textbook Plan