Monday, August 9, 2010

"Creative Destruction," eBooks, Brick & Mortar

From Gutenberg to Zoobert - WSJ.com: "Last week, Barnes & Noble, whose more than 700 stores make it the largest bricks-and-mortar book chain, put itself up for sale. Its market capitalization is less than $1 billion, compared with Amazon's $55 billion. This reflects both the better economics of Web sales of print books and the increasingly uncertain future of print books in an e-book world. The creative destruction in the book business has led even Andy Ross to have some sympathy for Barnes & Noble. Mr. Ross was the owner of Cody's Books, a well-known independent bookstore located near the Berkeley campus of the University of California. Starting in the 1980s, Mr. Ross instigated numerous antitrust and other lawsuits against Barnes & Noble."