I know there are a few other authors on my friends list, and I just wanted to let you know about this. This is from the June 2001 issue of the Horror Writers Association newsletter.

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Time Warner EBook Contract Could Be a Big Mistake for First-Time Authors

The Authors Guild today warned its members that experimenting with Time Warner’s new iPublish division presents substantial legal risk and loss of literary rights for little pay. The Guild urged all writers…to approach iPublish with extreme caution. Established writers who are merely dabbling in a new medium may find they’ve inadvertently granted a laundry list of rights to Time Warner and agreed to bargain-basement advances for print rights to their work. Worse yet, writers surrender rights to their next work as well, agreeing to sell the digital right to iPublish for advances as low as $25 or less.

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That’s just a little bit of the article, if your really, really want the rest, let me know. Also, I don’t do this to slam Time Warner or anything like that, but I feel that authors need to be informed in this world blossoming with new publishing opportunities.