Sunday, October 3, 2010

E-Books, Money, and Authors

From the Wall Street Journal's site: the effect of e-books on the income of authors.

Priced much lower than hardcovers, many e-books generate less income for publishers. And big retailers are buying fewer titles. As a result, the publishers who nurtured generations of America's top literary-fiction writers are approving fewer book deals and signing fewer new writers. Most of those getting published are receiving smaller advances.

Kind of brutal!


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