Saturday, March 19, 2011

Collapse of the Literary Establishment

The signs are everywhere-- and not just in Amanda Hocking selling a million copies of her books herself.

The New York Times, which has been on the verge of bankruptcy for some time, has announced it will be charging for online content. What do you think? Will it work? Will people buy?

Simultaneously, Borders Books has announced it'll be closing 200 stores. Can their model compete? How will this shakeout?

An old adage: With crisis comes opportunity.

1 comment:

msandidge said...

I will not pay for online content. it's the same model as cable television, where we pay and pay:
we pay for the device to access the media; a tv or a computer
we pay to access the media; cable access, or ISP
we are then marketed to by advertisements

and we get no part of the profit.

sadly, people will probably go for it.

now, more about this opportunity you speak of...