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From The Bookseller:

E-books are expected to account for 17% of Simon & Schuster’s total revenue in 2011, double that of 2010, according to Simon & Schuster president and c.e.o. Carolyn Reidy.

In a Christmas letter to staff, Reidy reiterated that she is “particularly excited about the potential for digital publishing to reshape our international business”. She said: “The transition to digital reading is happening rapidly . . . Given the explosive sales of tablets and dedicated reading devices, and consumers’ increasing comfort with buying and reading e-books, in 2012 sales of digital content will undoubtedly experience a similar growth.”

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