Stock Watch: Audible Gains on E-Book Deal

Audible, Inc. (Nasdaq: ADBL) tacked on 13/16 to close at 4 5/8 Wednesday, after the Internet audio provider announced an e-book alliance with Franklin Electronic Publishers.

Franklin, which publishes handheld electronic books, will make its next generation of multimedia books available for playback via Audible’s Web site. Franklin e-book users will be able to download audio on demand or through subscriptions.

Audible’s offerings include a weekly show hosted by Academy Award winning actor Robin Williams. The company also recently forged an alliance with Random House, Inc. to create a new company to sell digitally produced audio books; the agreement also gives Random House a stake in Audible.

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