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Old 12-20-2008, 12:52 PM   #1
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No Happy Holidays For Publishing (npr.org)

Here's a short NPR news story where they end up talking about ebooks. Summary:

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Big publishing companies such as Random House are in the midst of cost-cutting, layoffs, and corporate restructuring. Houghton Mifflin Harcourt has stopped acquiring manuscripts for the rest of this year.

Host Scott Simon speaks to Charlotte Abbott, contributing editor for Publishers Weekly, about the woes of the book industry in the the thick of the holiday-shopping season.
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Old 12-20-2008, 02:21 PM   #2
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Interesting interview. She did say eBooks were up 300% but they were still less than 1% of the market and were only used by commuters and business men with disposable income. I don't think she understands yet.
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Old 12-22-2008, 02:49 PM   #3
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The article linked to the same page was also interesting. It's clear that the sagging economy is finally forcing the pub industry into the actions they needed to take years ago, in terms of reworking their business model to account for a digital economy, reworking the wasteful book return system, and dealing with the reality of recently-empowered small publishers encroaching on their turf.
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Old 12-22-2008, 02:57 PM   #4
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I wonder what has been the catalyst for the "demise" of the publishing industry. I don't think it could be a massive drop in sales. I don't see people spending less on books, up until recently (and apparantly its been going down the drain for a while).
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Old 12-23-2008, 09:14 AM   #5
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Quote:
Originally Posted by lilac_jive View Post
I wonder what has been the catalyst for the "demise" of the publishing industry. I don't think it could be a massive drop in sales. I don't see people spending less on books, up until recently (and apparantly its been going down the drain for a while).
Well, the sales numbers are down significantly from this time last year... I'm sure that's enough to set off a panic, and finally spur publishers to do things they've been putting off as inconvenient for far too long.
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Old 12-23-2008, 09:16 AM   #6
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Quote:
Originally Posted by Steve Jordan View Post
Well, the sales numbers are down significantly from this time last year... I'm sure that's enough to set off a panic, and finally spur publishers to do things they've been putting off as inconvenient for far too long.
But sales of everything are down this year. It's called recession.. I think that's the big word they used on the TV.

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Old 12-23-2008, 09:35 AM   #7
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Quote:
Originally Posted by pilotbob View Post
But sales of everything are down this year. It's called recession.. I think that's the big word they used on the TV.
Sure. But the numbers are never significant, until they're your own.
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