From Digital Book World:
As part of the re-structured service, all Scribd users will receive unlimited access to “Scribd Select” books and audiobooks, a rotating collection spread across a variety of genres. In addition, all users will have access to three books and one audiobook of their choice each month from the entire Scribd catalog. Titles from Scribd Selects do not count toward the user-chosen titles.
The monthly fee will remain $8.99, and the changes will go into effect sometime in mid-March.
The announcement comes on the heels of two changes to its service Scribd made last year. In June, the company reduced the amount of romance books it offered, and in August it eliminated the unlimited audiobook component of its service and instead transitioned to a credit system, disincentivizing so-called “power readers” from listening to a disproportionate amount of audiobooks each month.
Link to the rest at Digital Book World and thanks to Jan for the tip.