E-books ALREADY major contributor to Springer’s turnover

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By David Rothman

“While most ‘trade’ publishers expect e-book revenues to account for no more than 3 per cent of sales this year, e-books accounted for a ‘significant’ amount of Springer’s turnover…” – Financial Times summing up remarks by Olaf Ernst, president of e-product management and innovation at Springer Science and Business Media.

Ernest on the future: “We expect in the next few years that within the STM [scientific, technical and medical] market more than half of our book revenues will come from e-books."

On e-book standards: “Springer echoed calls from trade publishers for manufacturers of e-book readers to settle on a common software standard, to eliminate the cost of serving half-a-dozen different formats.” Yo, Jeff Bezo! This means you, among others.

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