One more article in this discussion summarizing some facts about the book business. Quote:
"Question: Is the book business profitable?
Answer: You better believe it. It's funny that many non-industry people assume that book publishing is a depressed or stagnant business. In fact, as recently as several months ago I wrote here on LitKicks that book publishing is generally an unprofitable business, to which my friend and fellow blogger Mary Delli Santi asked "Where did you get that idea?" My assumption was way off, and a simple look at the financial results released by the major media conglomerates sets the record straight."
Link:
http://www.litkicks.com/BeatPages/ms...BookPricingTen