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Offline Book "Lending" Costs U.S. Publishers Nearly $1 Trillion

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Jan. 26th, 2010 | 03:09 pm

Go To Hellman: Offline Book "Lending" Costs U.S. Publishers Nearly $1 Trillion
Hot on the heels of the story in Publisher's Weekly that "publishers could be losing out on as much $3 billion to online book piracy" comes a sudden realization of a much larger threat to the viability of the book industry. Apparently, over 2 billion books were "loaned" last year by a cabal of organizations found in nearly every American city and town.

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Comments {2}

Loz

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from: blahflowers
date: Jan. 27th, 2010 11:22 am (UTC)
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Does this mean I'll be more hated than bankers? Oh wait, I work in the public sector, I already am...

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fridgemagnet

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from: fridgemagnet
date: Jan. 27th, 2010 01:34 pm (UTC)
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So you should be - not just a book-sharer, but making money from book-sharing! You're killing literature.

Thankfully I'm sure Mr Mandelson will close the loopholes that allow this practice to continue legally.

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