Amazon has started offering 24-hour discounts on Kindle ebooks beginning at midnight PT each day, a company spokesperson has confirmed.

Those who subscribe to Amazon's Kindle newsletter should have received a note in their inboxes Wednesday announcing the first deal: $1.39 for Kate Dicamillo's young adult fiction novel The Miraculous Journey of Edward Tulane, a 75% discount off the normal price.

(There's also a designated page for Kindle offers.)

The offer is a solid one. Kate Dicamillo is a Newberry award-winning author, and the title has received a 4.5-star collective rating from its 332 Amazon reviewers.

Let's hope that Amazon continues to offer books of comparable quality across a wide range of genres.

This is not Amazon's first foray into the daily deals space. The company acquired deal-a-day site Woot in June 2010, became a major backer of Groupon's biggest competitor, LivingSocial, in January 2011, and launched its own daily deals service that indexes offers from third-party providers as well as its own in June 2011.