As I'm sure you are all well-aware, the book industry is in a time of major upheaval. Small publishing houses are closing everywhere and even the two bookstore giants Borders and Barnes & Noble are on the verge of collapse. Excuse me? This seems like an episode of The Twilight Zone.
According to an article in The Wall Street Journal, the emergence of digital books (and their growing popularity), is causing bookstores everywhere serious trouble. So much trouble that Borders might be buying out Barnes & Noble. While this may be a good business strategy on their part, think about what that means. That means that the vast majority of our physical, good ol' paper-paged books will be sold by one company.
What do you think about this? Will this impact the selection of books that are out there? And would you consider this to be the start of a monopoly on the book world?
To read the article from The Wall Street Journal, click here.