Jeffrey Trachtenberg writes in the
WSJournal about how
Authors Feel Pinch in Age of E-Books driven by technological ability and the changing reading habits of consumers...
"...the digital revolution that is disrupting the economic model of the book industry is having an outsize impact on the careers of literary writers. 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."
By the same token, e-book sales are blossoming...
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