“Audible shares inched up slightly Monday after the company said it will extend its exclusive deal with Apple for an additional three years,” Katie Dean reports for TheStreet.com.

“Audible will continue to stock the virtual shelves of the iTunes Music Store with more than 16,000 audiobooks, paid podcasts, radio programs and language instruction, among other content, the company said. The original deal was set to expire in September 2007. Now, Audible will be the exclusive supplier of such content until September 2010,” Dean reports.

“Analysts applauded the extension and said it speaks to the value of the digital audio content company and bodes well for Audible over the long term,” Dean reports.

Full article here.