November 24, 2004

News & Opinion: Book News

By: 800-CEO-READ @ 11:47 PM – Filed under: Publishing Industry

There were a couple interesting things I ran across about the book world over this week:

"Book publising has become a lotto game.

Chances of a huge success are minuscule in the ballooning pool of titles- Cambridge Information Group Inc.'s R.R. Bowker estimates that 175,000 new titles were published in 2003, a 19% gain from the prior year. Meanwhile, people are reading less, recent studies suggest." -WSJ 11/22/04 R4


Paradies Shops, one of the nations largest airport booksellers, will buy back books from customers for half price. Here is a description from today's WSJ (11/24/04, D1, sub. needed):
A customer walks into a Paradies store, such as the CNBC newsstand at the international airport in Milwaukee, and buys "My Life'' by former President Bill Clinton for the full retail price of $35. The cashier staples the receipt to the dust jacket or attaches it with a piece of Scotch tape. The customer also gets a bookmark that lists the airports nationwide where Paradies does business. Providing the traveler holds on to that receipt, he can return "My Life" within six months (whatever its condition) and get $17.50 back. The retailer then resells the book -- unless it has sustained too much damage -- as a used book for $17.50.