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I have read a number of books as ebooks that I would likely never have read as paper books, but I am also sure that some of the electronic books I read would also be books I would have bought in paper format if they hadn't been available as ebooks.
All of that being said, publishers need to recognize that fears or no, the publishing world will be changed by ebooks. Not adapting to the ebook world is like not going to the dentist when you have a tooth ache because you are afraid of the pain... In the long run, you will regret not doing it
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Bill
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