No One Buys Books Any More

Slashdot
By msmashApr 23, 2024, 12:40 pm83 pts
The U.S. publishing industry is driven by celebrity authors and repeat bestsellers, according to testimony from a blocked merger between Penguin Random House and Simon & Schuster. Only 50 authors sell over 500,000 copies annually, with 96% of books selling under 1,000 copies. Publishing houses spend most of…

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