Just as we were convinced the Internet had killed the publishing industry, it looks like people are still paying for reading. "BookStats, a comprehensive survey conducted by two major trade groups that was released early Tuesday, revealed that in 2010 publishers generated net revenue of $27.9 billion, a 5.6 percent increase over 2008. Publishers sold 2.57 billion books in all formats in 2010, a 4.1 percent increase since 2008," reports The New York Times. The survey found that sales of adult hardcover and paperback books were flat, growing only 1 percent over three years. Electronic reading material, on the other hand, is growing. In 2008, e-books only made up 0.6 percent of the total market, that number rose to 6.4 percent in 2010. Another bright spot: "one of the strongest growth areas was adult fiction, which had a revenue increase of 8.8 percent over three years."
This article is from the archive of our partner The Wire.