Filed under: Ebooks
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Kassia Kroszer of Booksquare fame posted on Friday an article addressing the publishing industry’s failure to recognize its own money making potential. Publishing views itself on the decline. Print newspaper book review sections have gone the way of the dinosaur. According to the article in NY Magazine, “serious readers” numbered around 120,000 fifteen years ago and have dropped by half nearly every decade which means that we are a nation of about 45,000 serious readers. Serious readers are defined by those who read every night. (It’s not clear whether “read every night” means reads a book every night or merely “reads” every night).
Kroszer points out that the decline in publishing is really a decline in the literary fiction arm of the publishing industry or the one that interests those at the National Books Critic Circle. This is likely true. Literary fiction is suffering. For example, while Oprah has revived interest in serious fiction, interest is not sustainable. Oprah does not sustain reading in general, but reading of the books that she recommends.
Change is slow for publishing.
Publishing is at a …
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