Online top ranking: what does Amazon Charts mean for the book industry?

Amazon’s new rating system for the book market is seeking to challenge the decades-long dominance of the New York Times bestseller statusFor nine decades, the New York Times bestseller lists have been the industry gold standard when it comes to obtaining a seal of approval that will make readers sit up and pay attention. But like most things in the book industry, it’s something Amazon has in its sights.Last week the online retailer launched Amazon Charts, which complements the site&r