As the recession trudges on, you may have noticed that the bookstore you pass every morning on your way to work has hung the dreaded “Going Out of Business” sign in the front window. Even larger book-selling chains, such as Borders and Barnes & Noble, have reported declining sales, despite their large inventories, events and in-store cafés. Sales are moving online, and e-books and e-readers are growing increasingly popular. What does this mean for the future of traditional book publishers and the print books they produce?
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