Jim Cramer's Mad Dash: Amazon's Attempt to Partner With Writers

NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, was discussing co-host David Faber's reporting in CNBC's "Amazon Rising" documentary.

Recently, Amazon (AMZN) has engaged in a dispute with Hachette Book Group, one of the largest publishers in the U.S. 

As a result, the e-commerce giant has said it's willing to give 100% of e-book revenues to authors willing to work separately from Hachette, Cramer said. 

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Several authors, such as James Patterson, have come out in defense of Hachette. 

"It seems odd to me that Amazon wants to partner with writers," Cramer said, concluding that investors should "watch the documentary."

Faber noted Amazon's recent selloff over the past two trading sessions, along with selloffs in other momentum stocks. 


-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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