Breaking: Amazon Buys Audible

Amazon just announced a deal to purchase Audible, along with its 80,000-odd audio books, newspapers, and radio programs, for $300 million, Engadget is reporting.

The transaction will likely be completed sometime in the second quarter of 2008. This should give Amazon a stronger toe-hold in the digital media market, and fit nicely alongside its new Kindle eBook reader and eBook store, and the new Amazon MP3 store that sells unprotected MP3 files.

Amazon adds Audible to its digital empire [Engadget]

Join Baratunde Thurston (left), The Onion’s Director of Digital and author of How to Be Black, for an entertaining look at creative social media campaigns in our Social Media Marketing Boot Camp starting February 16. Other speakers include Morin Oluwole (Facebook), Tim Devane (bitly), and SocialTimes' writer Devon Glenn.   Register now.