The State of Publishing
The Times has published an article with a bleak analysis of the publishing industry, despite the fact that sales increased (albeit by a mere 0.9%). The problem being the the outlook isn’t very good, sales are expected to plummet and there isn’t another Harry Potter phenomenon on the horizon.
But what’s bad for publishers may be a boon for libraries. The basis of the slump is after all the economic downturn and books are luxury items after all. It’s no surprise they’re one of the first things to get cut out of a person’s budget (just not my own unfortunately, it’s lots of pasta for me instead). Thus I’m really hoping that circulation counts will increase as the sales continue to slump. Cause I really need to have some hope.