Publisher Revenues Down As Ebook Buying Slows

Publishing conglomerates Penguin Random House and Simon & Schuster are facing tough times this quarter as ebook sales fell and total profit dropped 5.6% at S&S and approximately 12% for RPH. The potential culprits? A lack of blockbuster books and low ebook sales.

via Publisher Revenues Down As Ebook Buying Slows | TechCrunch.