Perseus Books Group and Workman Publishing have signed deals with Apple to be represented on the iBookstore, where e-books for the iPad will be sold, according to the New York Times. The pair join the five of the six biggest U.S. publishers in adopting an agency plan with Apple, a plan that gives the publishers control over e-book pricing.
Besides its own range of publishers, including Basic Books, Da Capo, PublicAffairs and Vanguard Press, Perseus is a major distributor
through Perseus Distribution, Consortium and PGW. Workman's imprints include Algonquin, Storey Publishing, Black Dog & Leventhal, Timber Press, HighBridge Audio and Artisan Books.
The Times noted that the deals come as Amazon is "pressuring publishers that have not yet signed deals with Apple to refrain from doing so.... These publishers fear that if they sign deals with Apple, Amazon will discontinue selling their books." Amazon has agreed to an agency plan only with Macmillan--after the companies' well-documented showdown earlier this year.
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As the April 3 shipping date for the iPad approaches, a survey of consumers by comScore shows that "a significant number of consumers are already thinking about buying it" and that consumers are as aware of the iPad as they are of Amazon's Kindle, the Wall Street Journal wrote.
"The tablet and e-book reader market is developing at breakneck pace right now, and Apple’s entry into the market is sure to accelerate mainstream adoption," Serge Matta, an executive v-p at comScore, said in a statement.
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Colin Robinson, co-publisher of OR Books, the new publisher that
sells only direct, explains on Huffington Post why OR Books doesn't sell
through Amazon. In a nutshell:
"To sell our titles, Amazon would
require a discount of 55% or even 60%, that's $11 or $12 on a $20
book.... For their very substantial take on a book, Amazon will rarely
do more than simply make it available. Rather than going out and finding
customers, it waits for them to come to it. And, of course, plenty
do--Amazon.com received 615 million visits in 2008; the company has 50
million customers annually.
"But at OR Books, our calculation is
that, for the amount of money we would have to give Amazon, we can do a
better job finding customers ourselves. We know who our audience is, we
share their interests, we visit the same websites and read the same
writers. We empathize with them in a way that is impossible for the
Bezos behemoth.... By investing our money in clever advertising and
extensive online mailing, in imaginative viral video and lively author
events, we are heading out into the world to the places where our
potential readers already congregate."
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Sony is offering a $30 discount on its entry-level e-book reader, the Pocket Reader, through April 4, the
Wall Street Journal reported. At $169, the Sony device is $90 less than the Kindle.
The
Journal predicted a possible price war on e-readers, writing, "Analysts say single-purpose, black-and-white reading devices--like Sony's Reader, Amazon.com Inc.'s Kindle and other devices--need to cut prices to stay competitive in a market where multipurpose color devices cost less than $500."
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The Deal speculated that besides other reasons for the shift, the appointment of William Lynch to CEO of Barnes & Noble may not be intended so much to mollify Ron Burkle, the major investor who is critical of chairman and vice-chairman Len Riggio and Steve Riggio, as to "help sway other shareholders who worry about the outsize influence of the Riggios."
Stifel, Nicolaus & Co. analyst David Schick told the Deal that "B&N trades at a cheaper valuation relative to its cash flows compared to other dominant retailers for just this reason, and that Lynch's promotion may help change that."
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Speaking of the new B&N CEO, who says bookselling doesn't pay?
William Lynch will earn an annual base pay of $900,000, be eligible for bonuses with a target of "not less than" 150% of base pay, receive 500,000 shares of B&N stock and have options to buy another 500,000
shares, according to his employment agreement filed with the Securities and Exchange Commission. Lynch, who was president of B&N.com for the past year and has extensive online experience, is eligible, too, for the company's executive performance plan.
At B&N's current price of $23.90 a share, 500,000 shares is worth $11,950,000.
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The Bellingham Herald profiled Lindsey McGuirk,
the digital marketing and publishing manager at Village Books who
oversees the bookstore's online and e-mail activities, as well as the
Espresso Book Machine.
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Book trailer of the day: The
House of Tomorrow by Peter Bognanni (Putnam).
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Big upsets and shattered
brackets not enough March Madness for you? The Christian Science Monitor featured the "10
best books about college basketball."
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And if you want
to read more about the other big contest during the past few days, the Monitor
also listed the best books on the topic of health care reform.
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Speaking of which, the Washington Post is publishing an
instant book on health care reform called Landmark: The Inside Story
of America's New Health Care Law and What It Means for Us All. The
book, by a group of Post reporters and editors, will be published
by PublicAffairs first as an e-book and then a paperback--and in all
formats by late April.
The Post and PublicAffairs have
collaborated previously on Being a Black Man: At the Corner of
Progress and Peril (2007); Deadlock: The Inside Story of
America's Closest Election (2001) and The Starr Report
(1998).
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In "The Subconscious Shelf: Marriage Therapy Edition," the
New Yorker's
Book Bench blog considered "what your books say
about your marriage" and concluded that "the solitary act of reading is
very pleasurable, but having someone to share the book with after
turning the final page is bliss, which is why the happiest marriages are
always, without fail, marriages between readers."
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"If
there's a hell for book reviewers (and I'm sure many authors hope there
is), no doubt we will spend eternity there being jabbed by
trident-wielding imps bearing certain adjectives emblazoned across their
brick-red chests: 'compelling,' 'lyrical,' 'nuanced' and so on," Laura
Miller wrote in
Salon, noting that "the conscientious critic
is bedeviled by clichés."