Google's Universal Library

Good news for bibliophiles: After two years of negotiations, Google and the Authors Guild have reached an agreement on access to digitized books through Google Book Search. The agreement, which pays authors and publishers a hefty $125 million, will increase access to out-of-print books, allow the purchasing of many more digitized books, and offer institutional subscription services that will be free at U.S. public libraries. Copyright holders will receive compensation from subscription and books sales and advertising revenue.