The Wall Street Journal reports in Friday's paper that Barnes & Noble, the country's largest book store, is considering an acquisition of Borders Group. The combination would create a retail book selling powerhouse accounting for one third of all US book sales.
Such a combination would likely mean fewer stores and higher prices. I wonder if 10 years from now book stores disappear altogether. If digital music killed the record store, will digital books kill the book store?
As brick and mortar book stores enter their twilight, it's time for independent authors to reassess publishing priorities and start building digital presence.
Tuesday, May 20, 2008
Barnes & Noble Considers Acquisition of Borders
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