Posts Tagged ‘advances’

Book Market Plunges

Tuesday, January 27th, 2009

By Al Kalar

Publishing suffered through one of its worst years ever in 2008.

October through December showed a 7% drop in sales compared to 2007 and all of the major houses cut back on staff drastically.

The publishing industry is also being convulsed by longer-term trends, including a shift toward digital reading (eBooks). (more…)