Quote:
Originally Posted by fjtorres
Tradpub will survive but the longer term trends are all back to the future; small specialty houses.
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As a reader, I'm neutral on this. There's a certain kind of businessperson who likes large canvas reorganization. If acquisition isn't possible, they'll try divestiture.
Quote:
Originally Posted by fjtorres
Actually, publishing itself is a low margin business.
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Gee. That sounds like something I would say. It then looks to me that they are aren't likely to be overpricing.
Quote:
Originally Posted by fjtorres
The aggregate net for the Five BPHs (which BTW are *not* representative of the industry as a whole--most other publishers are happy selling wholesale) has been flat for seven years despite massive growth in ebook revenue and mergers up the wazoo.
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It then looks like book publishers are handling the digital transition much better than newspapers and magazines, despite the hundreds of thousands of indie books self-published annually, at low prices, in recent years.