Quote:
Originally Posted by eschwartz
And publishers feel threatened by ebooks, because they haven't adapted well to the digital world.
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How is one to measure whether they have adapted well?
In my view, the most important measure is artistic. Are the books they are publishing as good as the ones in the past? I say yes. Of course, judgments here are utterly subjective. I do realize that the number of misprints in a book is objective, but it is utterly subjective how significant that is compared to quality of research and writing.
The less important, to me, measure is financial results. Book publishing is doing tremendously better there than what I think is the clearest point of comparison, newspapers. For example:
Penguin Random House Posts Record Profit for 2015
Why is it that book publishers are doing better than newspaper publishers? Maybe it's because of what Scarpad is complaining about!