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I haven't run the numbers, but I think in the long run ebooks are superior to pbooks for publishers because publishers control how ebooks can be resold, lent, and rented. Hypothetically, if publishers stopped printing books then libraries would no longer carry them (unless they allowed them) and there would be no secondary book market....this is where publishers lose a lot of money. With ebooks, they gobble up all the profits from readers. This business has a longer life cycle...payback takes much longer.
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