Audible Inc. is a seller and producer of spoken audio entertainment, information, and educational programming on the Internet. Audible sells digital audiobooks, radio and TV programs, and audio versions of magazines and newspapers. Through its production arm, Audible Studios, Audible has also become the world's largest producer of downloadable audiobooks. On January 31, 2008 Amazon.com announced it would buy Audible for about 300 million USD. The deal closed in March 2008 and Audible became a subsidiary of Amazon. The company is based in Newark, New Jersey's 1 Washington Park high rise office building. Audible is the United States' largest audio book producer and retailer.