What's Wrong With The Big New York Publishers?

The traditional marketplace for book sales is shrinking. The six largest publishers are shipping more books and selling less than ever before, even though the distribution chain is saturated with copies that will eventually be returned. The basic laws of supply and demand are being ignored and no one is trying to do anything about it. What's wrong with this picture?Reports show that book sales are falling and have been for almost 15 years. In response, the six largest pub...

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