Published in: Book Business Magazine

". . .It's also tempting to view the years immediately before the current recession as some kind of "golden age," though statistics don't support this viewpoint. In fact, as figures from the Book Industry Study Group's (BISG) "Book Industry Trends" report have made clear, unit sales of books overall have been flat for several years. Certain sectors of publishing -- most notably children’s and religious books -- have bucked the general trend in recent years, and even today there are bright spots, such as the rapid growth (admittedly from a low base) of e-book sales. But these should not obscure the main headline: Book publishing has now moved from a no-growth or, at best, low-growth business to one currently (and we all hope temporarily) in decline. . . ."

View Full Article