Amazon.com & Hearst Corporation Expand Business Relationship

Amazon.com, Inc.

and Hearst Corporation today announced that the two companies have entered into an expanded, multi-faceted consumer marketing, e-commerce and content relationship. Amazon will become Hearst's single-largest third-party seller of print subscriptions for its magazines via digital channels and will work with Hearst in e-commerce. The deal gives Amazon customers access to content from one of the world's largest publishers of monthly magazines and provides Hearst access to Amazon's growing and evolving e-commerce platform. "Hearst is one of the world's leading diversified media companies and we are delighted to work with them on this multi-pronged deal," said Steve Kessel, senior vice president, Kindle.