Quote:
Originally Posted by Purple Lady
I just can't understand how they were so stupid.
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You mean the newspaper publishers?
https://en.wikipedia.org/wiki/Declin...ad_revenue.svg
Admittedly, I have no IQ test results available for newspaper executives vs. book publishing executives. Maybe the book publishers's far superior results during the digital transition is just dumb luck:
http://www.statista.com/statistics/1...ks-since-2005/
I realize you haven't named the people you think are stupid, and I have to take that into account. But, personally, I have a negative reaction to people judging groups of individuals on the basis of intelligence. This is the case even when the people being judged are rich (and compared to executives in other industries, book publishing bosses aren't, AFAIK, as rich).
I also am NOT claiming you are the type of person who judges strangers as stupid. What happens in forums like this is that negativism gets whipped up by people egging each other on until they write things they would never say in real life. (Of course I don't know. Maybe you call lots of people stupid in real life. But I'm thinking not
)
Quote:
Originally Posted by Purple Lady
I didn't use their micropay much, but I loved their 50 - 60% off coupons.
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I too like getting a bargain.
Such promotions illustrate why when Barnes & Noble purchased Fictionwise in March 2009 -- before agency -- it payed what was a tiny price for a tech company, $15.7 million. Fictionwise could not have been making money, agency or no agency. Tech companies can survive that for a couple years, but will eventually go under -- regardless of the IQ of their suppliers.