While the Rapture isnt scheduled to occur until Saturday, according to members of certain religious fringe groups, it looks like doomsday has come early for publishers of print books. Amazon announced Thursday that sales of ebooks on the site have finally surpassed combined sales of hardcovers and paperbacks. For every 100 print books sold since April 1, the company said, it sold 105 digital ones, and credited the surge in ebook sales to its new ad-supported, lower-priced Kindle. We had high hopes that this would happen eventually, but we never imagined it would happen this quickly, said CEO Jeff Bezos. Weve been selling print books for 15 years and Kindle books for less than four years. The vice president for Kindle content, Russ Grandinetti, claimed that the digital trend is actually good for publishers. Even though some digital sales may be substitutions from print, one of the great impacts . . is people spend more minutes a day reading. They make reading more of a habit, and thats good for the total book business. But Mike Shatzkin, CEO of the Idea Logical Company, which advises publishers on digital matters, isn't buying it. [Amazon is] taking print sales away from others while their own devices are taking print sales away from them. Thats the real import of those numbers. Its one more nail in the coffin of brick and mortar stores, he told The New York Times. Still, publishers shouldnt lose hope just yet, some analysts say. According to Forrester... Continue reading at 'AdWeek'
[ AdWeek | 2011-05-20 00:00:00 UTC ]
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Alleged collusion aside, the publishing industry's agency pricing model may actually protect the long-term interests of everyone in the ebook value chain. Continue reading at AllThingsD
[ AllThingsD | 2012-04-13 00:00:00 UTC ]
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Eight of the top 10 publishers saw double-digit drops in printed book sales year-on-year in the... Continue reading at The Bookseller
[ The Bookseller | 2012-04-13 00:00:00 UTC ]
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Amazon is paying authors $1 for every audiobook they sell if they sign up to its Audible Author... Continue reading at The Bookseller
[ The Bookseller | 2012-04-13 00:00:00 UTC ]
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Three of the five book publishers sued Wednesday by the Department of Justice quickly agree to scrap their deal with Apple and claim no wrong-doing. Continue reading at PC World
[ PC World | 2012-04-12 00:00:00 UTC ]
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Adam Mansbach's picture book 'Go the F--- To Sleep' is now available in a kid-friendly version called 'Seriously, Go To Sleep.' Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-04-12 00:00:00 UTC ]
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With 'American Spy,' Steinhauer finishes what he started in 'The Tourist' and 'The Nearest Exit.' It's a thrilling, irresistible masterwork of love, guilt and revenge.On two separate occasions over the last nine years, Olen Steinhauer has brought a thriller series to a close. The first was the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2012-04-12 00:00:00 UTC ]
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The US accuses Apple and Hachette, HarperCollins, Macmillan, Simon and Schuster and Penguin of colluding over the prices of ebooks they sell. This lawsuit is over the firms' move to the agency model where publishers rather than sellers set price ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-04-11 00:00:00 UTC ]
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The Department of Justice is accusing the companies of colluding to raise ebook prices by using the 'agency' model of ebook pricing. Continue reading at PC World
[ PC World | 2012-04-11 00:00:00 UTC ]
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The British Retail Consortium's (BRC) sales monitor for March has revealed "some... Continue reading at The Bookseller
[ The Bookseller | 2012-04-11 00:00:00 UTC ]
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NEW YORK CITY– April 11, 2012 - Peecho (http://www.peecho.com), a free service that allows anyone to sell their digital content as a physical product, and Issuu (http://www.issuu.com), a leading global digital publishing platform that deliv ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-04-11 00:00:00 UTC ]
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The Department of Justice may file a suit against Apple today over ebook price-fixing complaints, according to reports from Reuters and Bloomberg. The DOJ has been probing antitrust complaints regarding Apple's 2010 pacts with book publishers; several of the biggest publishers are preparing to... Continue reading at AllThingsD
[ AllThingsD | 2012-04-11 00:00:00 UTC ]
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The future of the agency model looks uncertain this evening (11th April) after three giant US... Continue reading at The Bookseller
[ The Bookseller | 2012-04-11 00:00:00 UTC ]
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The U.S. filed an antitrust lawsuit Wednesday against Apple Inc. and five of the nation's largest publishers, alleging they conspired to limit competition for the pricing of ebooks. Continue reading at AllThingsD
[ AllThingsD | 2012-04-11 00:00:00 UTC ]
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The U.S. Department of Justice has filed an antitrust lawsuit against Apple and five book publishers for alleged ebook price fixing the Wall Street Journal... Continue reading at PC World
[ PC World | 2012-04-11 00:00:00 UTC ]
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E-book price fixing will cost consumers more than US$200 million this year, and U.S. antitrust authorities should take action against Apple and a group of... Continue reading at PC World
[ PC World | 2012-04-10 00:00:00 UTC ]
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Days after it told one publisher it had indefinitely suspended the programme to approve its Kindle newspaper edition submission, Amazon has suddenly relented. Last week, Scotland’s Herald & Times Group grumbled publicly that, after tw ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-04-10 00:00:00 UTC ]
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This year's volunteer givers for World Book Night (23rd April) are being encouraged... Continue reading at The Bookseller
[ The Bookseller | 2012-04-10 00:00:00 UTC ]
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The 'ttyl' series by Lauren Myracle and 'The Color of Earth' by Kim Dong Hwa top the 2011 rankings of most challenged books. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-04-10 00:00:00 UTC ]
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With Conde Nast, Hearst and Meredith launching their own digital newsstand in the form of Next Issue Media, it’s clear that magazine publishers are counting on tablets for future growth. Forecasts predicting rapid tablet adoption abound. e ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-04-09 00:00:00 UTC ]
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The author goes from one extreme to another in this wonderfully absurdist short-story collection.Suddenly, a Knock On the Door Continue reading at Los Angeles Times
[ Los Angeles Times | 2012-04-08 00:00:00 UTC ]
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