Ebook Sales Are Falling, But Paperbacks Are Up

Large book publishers, including Hachette, HarperCollins and Simon & Schuster, recently won the hard-fought ability to set their own prices of e-books. But now, as prices for many e-books have risen, the industry is seeing a slump in sales.

"It's an example of being careful about what you wish for," says Jonathan Kirsch, author of multiple books, a publishing industry attorney, and adjunct professor at New York University's Professional Publishing Program.