On Monday, Penguin announced to Library Journal that it was suspending the terms which allow libraries to lend its ebooks.
Penguin has been a long-time supporter of libraries with both physical and digital editions of our books. We have always placed a high value on the role that libraries can play in connecting our authors with our readers. However, due to new concerns about the security of our digital editions, we find it necessary to delay the availability of our new titles in the digital format while we resolve these concerns with our business partners. Penguin’s aim is to always connect writers and readers, and with that goal in mind, we remain committed to working closely with our business partners and the library community to forge a distribution model that is secure and viable. In the meantime, we want to assure you that physical editions of our new titles will continue to be available in libraries everywhere.
Penguin joins Macmillan and Simon & Schuster in blocking ebook lending.
Read The Digital Shift blog post Penguin Group USA to No Longer Allow Library Lending of New Ebook Titles.