New business for Amazon

Article Excerpt

AMAZON.COM $312.03 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206- 266-1000; www.amazon.com; Shares outstanding: 456.9 million; Market cap: $139.0 billion; No dividends paid) has entered into a partnership with magazine publisher Condé Nast. For a fee, Amazon will handle print and digital subscriptions for seven of Condé Nast’s publications, including Vogue, Golf Digest and Wired. For Amazon, the deal offers an opportunity to sell magazine subscriptions to its more than 200 million customers and crosssell goods to Condé Nast subscribers. If successful, it should be able to expand the service to other publishers. Amazon.com is still a hold. hold…