libraryjournal:

In a stunning development, Penguin Group has extricated itself from its contract with OverDrive, the primary supplier of ebooks to public libraries.

Starting February 10, Penguin, which had recently instituted limitations on library lending for ebooks and audiobooks, will now no longer offer any ebooks or audiobooks through OverDrive.

“Looking ahead, we are continuing to talk about our future plans for ebook and digital audiobook availability for library lending with a number of partners providing these services,” said Erica Glass, in a prepared statement.

I’m normally staying out of the e-book developments, but this is Big News.