TOPIC: Globalisation » Economy » Services » Communication » Publishing
Category
articles
Date
2013-03-19
Actor
Hughes, Evan
Source
Wired
Uploaded date
2013-05-29
Uploaded by

Book Publishers Scramble to Rewrite Their Future

"Of all the worries in the publishing world these days, the king of them is cultural irrelevance. "The fact is that people don't read anymore," Steve Jobs told a reporter in 2008, blurting out the secret fear of bookish people everywhere. But consider this: In one week, people who don't read anymore bought about half a million copies of a really long book called Steve Jobs ... The Big Six publishers—Random House, Penguin, Hachette, Macmillan, Simon & Schuster, and HarperCollins—all make money, and at profit margins that are likely better than they were 50 years ago." (Quoted from article)

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