Friday, April 3, 2009
the Impact of New Digital Formats and Technologies on Publishing
As the recession trudges on, you may have noticed that the bookstore you pass every morning on your way to work has hung the dreaded “Going Out of Business” sign in the front window. Even larger book-selling chains, such as Borders and Barnes & Noble, have reported declining sales, despite their large inventories, events and in-store cafés. Sales are moving online, and e-books and e-readers are growing increasingly popular. What does this mean for the future of traditional book publishers and the print books they produce? To answer this question, Book Business Extra spoke with Danny O. Snow, senior fellow of The Society for New Communications Research—a nonprofit think tank dedicated to the advanced study of the latest developments in new media and communications—to talk about the impact that new technologies are having on the publishing industry.