Publishing Industry In A Slump

“A look back at the fall publishing season, when publishers typically release their biggest books hoping to cash in on the holidays, reveals that the publishing industry is still struggling. The Association of American Publishers reported last month that sales of adult hardcover books, sluggish for several years, have fallen by 2 percent so far this year. Similarly, the American Booksellers Association, a trade group representing bookstores, said that overall bookstore sales in the first nine months of 2005 declined 2 percent from a year ago.”