Book retailers are reporting a sharp decline in revenue. Borders bookstore has filed for bankruptcy, and Barnes & Noble has reported a 25% drop in net profits in its last accounting quarter.The emergence of e-books is noted as the main contributing factor for the drop in tangible book sales.
According to the BBC, Barnes & Noble has made a vertical integration move by "investing heavily in its Nook electronic book reader." The famous book retailer is hoping that its move into selling e-books will help them eventually regain their position in the marketplace.
[SIDEBAR: I'm not a fan of e-books. Also, thinking a bit further I fear a world where all information is transmitted digitally.]
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