Wednesday, April 1, 2009

"Amazon's Gonna Put You Out of Business!"

...or not.

"[H]ow does the publishing industry fund the creation, editing, design, production, marketing, e-warehousing, and sales of ebooks, if the income isn’t there? How do ebooks cover the huge advances needed to buy books if we cannot generate the cash, especially at their extremely low, discounted prices, [to] cover the advances that an entire industry has come to require? The answer is that ebooks, alone, cannot."