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The Reed Business Information division is mainly trade publications such as New Scientist and Library Journal. Reed Elsevier indicated that the sale of the division has to do with it's advertising-based model, among other reasons. Last year, 60% of their income came from advertising. At this point in time, there are no buyers for the division, but the private equity investment group Apax Partners has indicated some interest.
There is a YouTube video that discusses the entry:
Publishers in the U.S. released more than 291,000 separate titles in 2006. But one imprint that got its start just last year has already had a string of hits with a philosophy of "less is more."
"Nobody has any idea what's going to hit. I think that publishing is basically a corporate form of legalized gambling," says Jonathan Karp, publisher and editor in chief of Twelve, which only releases one book a month — 12 each year.
Karp had already ushered a string of books onto best-seller lists before starting Twelve; he began his career in 1989 as an editorial assistant at Random House and worked his way up to editor in chief. Among the hit books he worked on were Seabiscuit and The Orchid Thief
For writers, few steps in the publishing process are as strange as the state of suspended animation between submitting a manuscript and seeing the book appear in stores. The sudden change in cabin pressure from writing to waiting can be jarring — and can last a very long time. “It comes as a huge shock when it happens the first time,” said the Irish writer Colm Toibin, whose first novel, “The South,” appeared in 1990, a year and a half after he turned it in. “It was all slow and strange.”
Technology may be speeding up the news cycle, but in publishing, things actually seem to be slowing down. Although publishers can turn an electronic file into a printed book in a matter of weeks — as they often do for hot political titles, name-brand authors or embargoed celebrity biographies likely to be leaked to the press — they usually take a year before releasing a book. Why so long? In a word, marketing.
Steve Jobs said earlier this month that Amazon’s Kindle e-book reader was dead on arrival, since Americans have largely abandoned reading.
“It doesn’t matter how good or bad the product is, the fact is that people don’t read anymore,” he said. “Forty percent of the people in the U.S. read one book or less last year. The whole conception is flawed at the top because people don’t read anymore.”
Now Amazon wants the naysayers like Mr. Jobs to listen up –- literally.
On Thursday it said that it had agreed to buy Audible, the Web’s largest provider of downloadable audiobooks, for $300 million. Amazon isn’t saying much about what it will do with the company, but bringing audiobooks directly to its Web site and to the Kindle is the obvious first step.
What comes after that? (Article continued here.)
Walking into Lightning Source's sprawling plant just outside of Nashville, Tenn., CEO J. Kirby Best recites a list of print-on-demand milestones: Lightning Source has grown from three employees in 1997 to more than 500 today; the company digitally scans about 2,000 books a week and prints 1.2 million books a month. “It took us seven years to print 10 million books,” says Best as we stroll through the 159,000-sq.-ft. building. “This year we published 10 million books in the first 11 months.”
Doubtful. Today's law students want their course materials in digital format. At Law Librarian Blog, I review the prospects for open-source publishing and explain why and (hopefully how) Lexis and Thomson-West will dominate the eBook market. I also explain why I think Thomson-West is in the best situation to capitalize on the growing demand for eBook legal titles.
Industry guru Mike Shatzkin foresees big gains in e-book sales, consolidation among literary agencies, a jump in customized book sales and much more. See article at Publisher's Weekly.
New Collaboration for Scholarly Publishing Five university presses have announced a collaboration that seeks to find a way to reduce costs of scholarly publishing and to allow more books to be released. The collaboration, created with funds from the Andrew W. Mellon Foundation, will set up a joint operation for copy editing, design, layout and typesetting for the work in American literatures. The presses will retain complete control over book selection and distribution.