Joe Carter at First Thoughts passes on excerpts from a Financial Times article, about how Amazon’s and Google’s pricing policies are destroying the market for hardcover books.
Arnaud Nourry, chief executive of French publishing group Hachette Livre, said unilateral pricing by Google, Amazon and other e-book retailers such as Barnes & Noble could destroy profits and kill the lucrative trade in hardback editions.
Most of my book buying is in softcover, mainly because I’m poor. I made it a project, years back, to get most of my C. S. Lewis in hardcover, though. I suspect that if I checked closely, I’d discover that the majority of the hardcovers I own have been bought used or from clearance tables.
But still…