Is there a Future for Books? by Iain Dale | TeleRead: News and views on e-books, libraries, publishing and related topics

Is there a Future for Books? by Iain Dale | TeleRead: News and views on e-books, libraries, publishing and related topics: "In particular, she points out that publishers no longer pay the kind of advances on royalties that they used to. Indeed, and a good thing too. The level of advances had got ridiculous, with publishers seemingly only too willing to throw good money after bad in their desire to get one over on their competitors. In the end the house of cards had to come crashing down, and it certainly did."