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This will definitely be interesting to watch over the coming months. I can certainly understand the publishers concern about lower pricing, but if they would just get off their butt and fix their business model they would probably find they could make significantly more money by embracing ebooks as aggressively as possible.
What will happen to them when more authors start to go the self publishing or Amazon as publisher route? I can't help but think that contract editing services could become a real growth business over the next few years. Most of what seems to be coming from the big houses recently has definitely dropped in quality by a significant amount. I'm finding much more enjoyment reading books coming from less well known authors over the past year or so.
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