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Literature Prize launches as $60,000 Folio Prize
It's a big day for prize announcements: The Literature Prize announced its formation and sponsor Wednesday at a news conference at the British Library in London. The idea for the prize came into being when a group of British intellectuals took umbrage at the direction they saw the Booker Prize taking -- they saw it leaning toward popular fiction rather than literary fiction.
By Carolyn Kellogg
March 13, 2013