(Laobserved.com): Steve Wasserman, the former Los Angeles Times book editor who is now an agent and book editor at Truthdig, gave a keynote address in Guadalajara in which he said predicting the future of BOOK publishing is impossible. The predicament facing the publishing industry is best understood against the backdrop of several overlapping and contending crises. With the new devices in hand, will book buyers avert their eyes from the free copies only a few clicks away that have been uploaded without copyright holder’s permission? Mindful of what happened to the music industry at a similar transitional juncture, book publishers are about to discover whether their industry is different enough to spared a similar fate.
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