Penguin Publishing is loosening its grip a bit in the e-book-lending market.
The company will announce today that it is expanding its e-book lending program to Los Angeles and Cleveland, The New York Times reported. Penguin launched an e-book-lending service to New York public libraries in September. The success of that program has prompted it to expand elsewhere.
Penguin is still keeping a tight hold on its e-books. According to the Times, Penguin sells e-books to public libraries six months after their launch. The e-books can only be lent to one person at a time. At the end of a … Read more