ref•er•ence pub•lish•ing n :industry segment faced with dramatic change
With that said, will reference publishing revenues continue to thrive in today’s environment? While neither Panelas nor Kobasa would disclose specific sales figures, Panelas says, “The sales of printed encyclopedias—which we still publish, by the way—have declined in the past 15 years, while online revenues have grown rapidly and continue to grow.”
Morse comments, “There is, of course, a whole new business to learn, and it is becoming an increasingly complex business, so there is a lot of new expertise you have to acquire, but that’s just the price of doing business these days.”
Sharon R. Cole is Philadelphia-based freelance writer serving the print industry.