Quote:
Originally Posted by rkomar
Low-price/free books on the market cut into the sales of new, pricier books, since people only have so much time to read/money to spend. Limiting what is offered in the market helps control the prices. The more old books still under the control of the BPHs, the less competition they face for the works they choose to market. So, even if they have no intention of publishing a book, it's good to retain control so that no one else gets a chance to publish it and cut into the market.
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The BPH are probably better off keeping the old books in print because they can set the price to match their new ebooks, and generate the impression that "good ebooks' all cost the price of a new book. I know a couple of the publishers are doing that with the "classic SF" under their control.