Notes: Sony's E-book Price Cuts; Mobil Guides Rebranded
Sony introduced two new electronic reading devices and cut prices for new and bestselling e-books. The Wall Street Journal reported that the Reader Pocket Edition and Reader Touch Edition "will sell for $199 and $299 respectively and will go on sale at the end of August. The devices replace earlier and more expensive versions of the Sony Reader, the 505 and 700, which cost $269 and $399." In lowering selected e-book prices from $11.99 to $9.99, Sony "matches the discount price offered by Amazon for users of its Kindle device and Barnes & Noble Inc.'s Fictionwise."
"They're offering a promotional price because they want people to get used to reading on these devices," said Esther Margolis, president and publisher of Newmarket Press.
"This is a market very much in flux," added Mark Suchomel, president of the Independent Publishers Group. "Once people decide this is how they want to read books, then prices are likely to go up for best sellers."
The New York Times reported that Steve Haber, president of Sony’s Digital Reading Business Division, said the "e-book industry has not hit the mainstream yet. We are focusing on affordability."
"We all know that these companies are taking a loss and that’s not going to continue forever," Jonathan Karp, publisher and editor-in-chief at Twelve, told the Times, adding that "$9.99 has now become the effective price for e-books in August of 2009. Let’s just take a breath and see how long this lasts."
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Mobil Travel Guide will become Forbes Travel Guide effective October 1, 2009, according to an exclusive licensing agreement between Forbes Media LLC and Mobile Travel Guide. In a joint statement, the companies said the transition from the ExxonMobil to the Forbes brand includes the creation of a new "Forbes Four and Five Star Award" designation for hotels, restaurants and spas beginning with the 2010 ratings announcements.
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Larry Kirschbaum, founder of LJK Literary Management and former Time-Warner Book Group president-CEO, and Jane Friedman, former HarperCollins president-CEO, appeared in "a refreshingly frank new video from Samanthus Ettus's interview show Obsessed," Entertainment Weekly's Shelf Life blog reported, noting that "both agree that too many books are published, extol the virtues of so-called vanity publishing, note the slowness of major publishers to adapt to digital formats, and speculate on the fate of 'legacy publishers,' which, Friedman says, will struggle to reinvent themselves 'because there's too much history and there's too much overhead.'"
Kirschbaum observed that ultimately, however, "We're optimists."
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Kingwood, Tex., finally has what its residents were craving--"a bookstore close to home." The Tribune reported that "somewhere, in a parallel universe meaning Katy, Tex., their cry was heard. Sandi Petty, a former Katy ISD teacher, has opened a second neighborhood bookstore, this one in Kings Harbor. The Bookworm Shop's grand opening will be held August 15-16."
The Tribune noted that the new bookstore "is designed with an old-fashioned look to make visitors feel welcome and to feed their sense of adventure."
"We wanted the store to have that neighborhood-store feel to it," said Petty.
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A Boulder, Colo., Daily Camera editorial offered kudos to Barnes & Noble for showing its faith in the city by "opening a new 'hard copy' store on Aug. 12," but also cautioned readers to "not forget the city's premier independent bookseller, Boulder Book Store, which has been the bibliophile's best friend on the 1100 block of Pearl Street since 1973, Boulder's top-notch used book dealers, including the Bookworm, Red Letter Books and the Trident, and small independents like the inimitable, funky Beat Bookshop. They may not have fireplaces, but these are places where books still feel like treasures, not commodities."
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The Daily Beast featured a "Dog Day Reading List" from Nancy Bass Wyden, owner of the Strand Book Store in New York City. She recommended "some last-chance summer books--and a few fall ones she’s already got her eye on."
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Wizards vs. vampires. USA Today reported that Stephenie Meyer's Twilight series "has sunk its fangs" into the newspaper's bestseller list "with no signs of letting go. Meyer's domination of the list for the past 12 months has smashed records that until now had belonged to J. K. Rowling."
Although Rowling has sold more books overall, Meyer's control of the list is notable: "The Twilight books have stayed in the list's top 10 for 52 consecutive weeks. They held the first four spots a total of 13 weeks in the past year. Rowling's first four Potter books were top 10 for 13 consecutive weeks, 24 weeks total, for the first year after Goblet's publication and held the first four spots for two weeks."
"The books continue to find new audiences," said Carol Fitzgerald of BookReporter.com, "so sales can still roll on bigger and bigger. The Twilight graphic novel that was just announced is going to bring a whole new audience to the books, and interest in the movies will keep people reading the books as well."
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Narratives vs. Episodics. "Are you a Huck, Holden or John Ames?" asked the Wall Street Journal, noting that "this being the 100th anniversary of the first American edition of Huckleberry Finn, it is the perfect time to ask an essential question: Are you a Narrative or an Episodic personality? In other words, do you believe that your life tells a meaningful story? Or do you think that you live, like Huck Finn and every other picaresque hero, from isolated minute to isolated minute--episode to episode."
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Effective September 1, Ingram Publisher Services will distribute VeloPress and its imprint Peak Sports Press. They were previously distributed by PGW.