Yesterday on the NewsHour Ray Suarez discussed the future of the book publishing business and its handling of e-books with Jonathan Karp of Hachette’s Twelve, one of my favorite imprints. Karp likens the publishing business to gambling, but what business isn’t like gambling? I found his analogy between the Kindle and the Walkman to be a little misleading, however. Sony, though it had a music library when the Walkman came out, didn’t have the same retail relationship with customers. The comparison would be more apt if Karp’s employer, Hachette, was the one behind the Kindle and not Amazon.
Suarez prefaces the conversation with a brief segment about the book business as a whole, including a story about layoffs at Tattered Cover in Denver and a customer’s book buying binge of a response. More →