Via The New York Times, an article every aspiring novelist should read: Barnes & Noble, Taking On Amazon in the Fight of Its Life. Here's the conclusion:
“For all publishers, it’s really important that brick-and-mortar retailers survive,” said David Shanks, the chief executive of the Penguin Group USA. “Not only are they key to keeping our physical book business thriving, there is also the carry-on effect of the display of a book that contributes to selling e-books and audio books. The more visibility a book has, the more inclined a reader is to make a purchase.”
Carolyn Reidy, president and chief executive of Simon & Schuster, says the biggest challenge is to give people a reason to step into Barnes & Noble stores in the first place.
“They have figured out how to use the store to sell e-books," she said of the company. "Now, hopefully, we can figure out how to make that go full circle and see how the e-books can sell the print books.”
Mr. Bezos, for one, isn’t waiting. Amazon has set the book industry on edge by starting a publishing unit that has snagged authors like Timothy Ferriss and James Franco. And, each day, the stock market provides a sobering reminder that Mr. Bezos, not Mr. Lynch, has the deeper pockets.
While publishers’ fates are closely tied to Barnes & Noble, said John Sargent, the C.E.O. of Macmillan, it’s not all about them.
“Anybody who is an author, a publisher, or makes their living from distributing intellectual property in book form is badly hurt,” he said, “if Barnes & Noble does not prosper.”