My Book Series

Tuesday, June 4, 2013

Amazon hasn’t killed us yet!

Amazon hasn’t killed us yet!

"For an industry whose imminent obsolescence and death is announced every day, the book business seemed pretty chipper last week. At BookExpo America, the annual conference in New York during which publishers present their new titles to bookstore buyers and the media, one observer — Michael Pietsch, CEO of the Hachette Book Group — even claimed to have detected a “gigantic sigh of relief” rising from the assembled.
Among the relieved is John Sargent, CEO of Macmillan, who was interviewed onstage for the conference’s plenary session. His cheerfulness was especially striking when you consider that three months ago, Sargent, the most outspoken of the major publishers sued by the Justice Department for allegedly fixing e-book prices in collusion with Apple, was forced to settle that suit with the DOJ for an undisclosed amount. (Penguin, the other most recent settler, had to fork over $75 million.)"

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