Declining Book Sales Have Publishers Gloomy

“Publishers sold 3.08 billion copies in 2008, down 1.5 percent from the 3.13 billion copies sold the previous year, according to Book Industry Trends 2009, an annual report that analyzes sales in the United States. Higher retail prices helped to lift net revenue just 1 percent, to $40.3 billion from $39.9 billion. The numbers confirm a litany of dreary news that has emerged from the publishing industry since last fall.”