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Old 04-15-2011, 11:56 AM   #1
kjk
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FT: E-books overtake US Paperbacks

http://www.ft.com/cms/s/0/d2f3b444-6...44feab49a.html
Quote:
Trouble at bricks-and-mortar book retailers has combined with booming sales of e-readers and tablet computers to make e-books the biggest-selling category of the US publishing industry for the first time, according to data released on Thursday.

Sales of e-books in February tripled over the previous year to $90.3m, the Association of American Publishers reported, exceeding adult paperback sales of $81.2m.

A 169 per cent surge in e-book revenues since the start of the year contrasted with a 24.8 per cent decline in print book sales to $442m over the two-month period. February figures showed steeper declines in some print categories, with adult hardcover sales falling 43 per cent to $46.2m and mass-market paperbacks down 41.5 per cent at $29.3m.
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