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Originally Posted by Daithi
I agree. In addition to your point, once enough ereaders are in people's hands their won't be a need for publishers. With a little software you just publish it yourself -- getting people to read it, muchless pay you for it, is another question altogether. I imagine that in a few years publishers will be in the same straights as newspapers today. It'll be interesting to see who adapts to the changing market.
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I think this would open the door for smaller, leaner companies that specialize in editing and marketing. Publishers do add value by separating the wheat from the chaff, editing and making the work visible to the buying public. They also add a good deal of bloat that I don't want to pay for. Most authors benefit from editing and I know I don't want to sift through 1000 horrible novels to find one good one. I'll pay extra for someone to do that for me.