Publishers invest in online library
Random House, Bertelsmann, and McGraw Hill are ganging up to make an investment in online library company ebrary. They are putting up a collection of books, journals, maps, periodicals, and digitally archived material, and they say most of this was previously inaccessible via the Web. No membership or subscription fees, but printing will cost you.
\"\"As a publisher -- as well as an investor -- we welcome this innovative yet practical approach to making content available to all in digital form, using a model that will also bring our authors additional revenue while safeguarding their copyrights from unauthorized exploitation,\" said Richard Sarnoff, president of Random House Ventures, in a statement.\"
Ebrary\'s site says it\'ll launch in Fall of 2000.Implications for traditional libraries?