PandoDaily encapsulates the David vs. Goliath battle between Amazon (AMZN +2.5%) and book...

PandoDaily encapsulates the David vs. Goliath battle between Amazon (AMZN +2.5%) and book publishers in a note from an insider that takes a swipe at the "lazy" industry: "Publishing is a quaint little industry based on romance and low profit margins...But now we’re in Amazon’s sights, and they’re going to kill us...we can't pay $1 million for books anymore. Amazon could probably afford to lose $20 million/year in their publishing arm just to put the other publishers out of business."

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Comments (3)
  • MikeTheDruid
    , contributor
    Comment (1) | Send Message
    Someone needs to take these guys down. The cost of textbooks is OUTRAGEOUS and they contain an abundance of errors. I tutor in math and science and the high school books are really inadequate and thin intellectually.
    20 Jan 2012, 04:35 AM Reply Like
  • Spaztastic1
    , contributor
    Comments (4) | Send Message
    While cost and errors are attributable to the industry, substance is not. High school level texts are intellectually thin and inadequate because that is what the school systems prefer to buy. School systems often tend to teach towards the lowest level students, trying to bring them to 'average' rather than putting efforts towards bringing the good students to 'exceptional'.
    20 Jan 2012, 11:42 AM Reply Like
  • krk
    , contributor
    Comments (844) | Send Message
    In a business where content is king, ebooks could herald in internet's nirvana of "disintermediation" for authors, esp. well-known franchise authors like Stephen King, JK Rowling (who has already embraced this idea with Harry Porter ebooks exclusively from her own site!), who might choose to bypass both traditional and nouveau e-publishers like Amazon.


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    Here’s The Game JK Rowling Might Actually Change
    21 Jan 2012, 10:08 AM Reply Like
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