Wary Book Publishers Are Fighting the Future

Last week, a host of book publishers, led by Simon & Schuster, said they will delay publication of e-reader versions of many books because they were afraid the electronic copies were cannibalizing sales of more expensive hardcover editions.

As Carolyn Reidy, chief executive of Simon & Schuster, told The Associated Press, “We believe that a large portion of the people who have bought e-readers are from the most devoted reading population. And if they like the e-readers, they are naturally going to convert because the e-books are so significantly less expensive.”

I own both an Amazon Kindle and a Sony Reader, and I can tell you that I didn’t buy them to save money. I know a lot of other avid bookworms, and I can’t recall a single one citing “to save money on books” as their reason to purchase one of these fancy new devices.

How can e-books represent saving money when an person spends between $250 to $300 on a device and about $10 for each book?

Full piece at the NYT Bits Blog