Amazon announced they will hold an event this Wednesday (May 6th:10 a.m.) in New York. Most are expecting the unveiling of a large-format e-reader geared towards newspaper subscriptions. Which would be a smart move for Amazon, as many newspapers aren’t happy with the Kindle and its inability to serve up newspaper styles content and ads as the industry needs. That’s a fact that has many of the major newspaper chains partnering with other e-reader device manufacturers to develop their own e-ink devices.

A trend that Amazon would no doubt like to curb with its potential to cut into it’s growing revenue stream of (on avergae) $14 a month per newspaper subscription.