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Interesting, K-Thom. Thanks. Of course, though, you're looking at things entirely from an exclusively-ebook publisher's point of view. Your in-house investment is entirely in the digital product, so I can understand slightly lower author royalties than we can currently offer. We're still in the position where we budget for treebooks and ebooks are the jam on the toast. I've no doubt at all that this will change long before I grow many more grey hairs. Good luck to you and your authors in the new decade. Best wishes. Neil
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