Actually, I find this quote more telling:
Quote:
"The golden era of publishing, that is, of reading, contemplation and literary education, has somehow come to an end," says Michael Krüger, the outgoing head of the Munich-based Hanser publishing house, who has the reputation of being one of Germany's last great publishing figures. Many people no longer view book publishers "as a stronghold of culture, but merely as a transshipment point for cultural products," says his successor Jo Lendle, the current head of the Cologne-based DuMont publishing house.
Even publishing executives not known for their pessimism, like Kiepenhauer & Witsch Publisher Helge Malchow, expect continued decline in the industry in the coming years. Others say that sales could even drop by more than 20 percent in the coming years. "For decades, the publishing business was pretty much the same," says Malchow. "It is now entering a crisis for the first time, and everything will look different after that."
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Me: "Ya think?"
