You try telling Jonathan Franzen his next novel isn’t actually being printed:
What also gets squeezed, or I should say what gets squeezed the most, is the ability of publishers to continue printing books on paper. As Crain says, “It may not be possible for a single company to publish e-books at that price and also retain the infrastructure necessary to publish ink-on-paper books.” I added the emphasis, but I think it’s pretty obvious that it has to be there: as I noted above, one of the forms of control at stake in this haggling over price points . . . continue reading, and add your comments
Levi Asher isn’t believing the NYT’s declaration that it’s going to build a pay wall:
New York Times management knows that a web paywall is a bad business move right now. The market is not strong for paid content and there is no foreseeable way they will profit from this. Erick Schonfeld from TechCrunch ran the numbers, and his findings are quite conclusive. Even in the best case scenario, the added revenue from a few hundred thousand annual subscription fees will not add up to a significant amount on the New York Times balance sheet. And it . . . continue reading, and add your comments
Kevin Smokler has an excellent op-ed at Publishing Perspectives on how authors and publishers need to think in order to reach readers. I don’t agree with all of it, but the basic message is right on target: “Don’t ask readers to buy a book based on trust. Find a compelling way to preview it for them, and mass produce that.”
What we need is the equivalent of an “MP3 format” for fiction: a modest snack-sized dabble of new books and stories, capable of the same ubiquity that the MP3 has brought to recorded sound. Say what you . . . continue reading, and add your comments
Lewis Manalo, the buyer for Idlewild Books in NYC, must be doing a good job. Though I’ve never been to the store, by all reports Idlewild has a great selection of world literature.
What’s more, Manalo has penned an op-ed where he describes his efforts to get books–often great works of world literature–that have never been published in the U.S. into the hands of his customers. At the very least, this is evidence against the claim that “culturally insular” Americans don’t want to read beyond their borders:
Telling your bookseller that you’ve tried every other shop in the . . . continue reading, and add your comments
Given that over the past year or so I've never actually found the novel that I'm looking for in Borders, I could make a killing here:
Borders, which earlier in the year struggled to keep books in stock as it reduced inventory levels, has introduced a new holiday program under which the retailer will provide free shipping on any item listed on Borders.com that is not carried in a store where a customer is shopping.
I understand this is all a ploy to get me to buy more books at Borders, but it is kind of . . . continue reading, and add your comments
NEW YORK – An online book special offered by Wal-Mart Stores Inc. is turning into a full-fledged price war with Amazon.com.
Wal-Mart got things started Thursday, offering $10 prices on such upcoming hardcover releases as Sarah Palin’s “Going Rogue” and John Grisham’s “Ford County,” a cut of 60 percent or more from the regular cost. Wal-Mart will also offer free shipping.
Amazon.com, the largest online bookseller, matched the $10 price, prompting Wal-Mart to take its offer to $9. By Friday morning, Amazon.com also had priced the books at $9.
The price cuts come at a time . . . continue reading, and add your comments
Nina Siegal has gone through the Publishers Weekly bestseller list since 1900 (I didn't realize PW kept stats this long) and attempted to correlate sales with literary quality and longevity. The results are as follows:
The period we might call the “Golden Age” of bestseller fiction came in mid-century. As I got into the late ‘50s and early ‘60s, I was surprised to find myself highlighting not one or two recognizable titles every couple of years, but three or four sometimes in a single year. In 1961, for example, Americans were reading, or at least buying, The . . . continue reading, and add your comments
There's a lot to agree with in Eric Obenauf's "print is alive" article in The Brooklyn Rail, even if none of his arguments strike me as novel. Nonetheless, this is a pretty good summation of why corporate publishing is in disarray:
Such efforts expose a key fundamental flaw within the mindset of modern corporate publishing: the perceived role of the book in today’s society. In the past, because of the necessary evolution required to actually create one, coupled with an ambition to deliver a valuable artifact to the world, a book was imagined by publishers as a . . . continue reading, and add your comments
PW reports that the stocks of booksellers and publishers are beating the Dow Jones index by about 25% this year:
Led by a remarkable rebound by book retailers, the Publishers Weekly Stock Index jumped 23.9% in the first six months of 2009, easily beating the Dow Jones Industrial Average, which declined 3.7% in the January through June period. Borders Group, whose stock spent the end of 2008 trading below $1, had the best performance on the PWSI with its share price skyrocketing 820%, as investors expressed more confidence that the company has a chance to successfully turn . . . continue reading, and add your comments
The patents are here and here.
Speculation thereof here:
Before everyone gets in a huff, let’s consider Amazon’s intentions with these patent applications. Surely they would never allow advertisements to be placed in books which you have purchased legitimately at full price, so let’s put that out of our heads. But what if you could take a few bucks off the cover price at the cost of a few contextual ads relating (if possible) to the book’s content? Personally, I wouldn’t mind — partially because I don’t use a Kindle or intend to any . . . continue reading, and add your comments