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Slate, now 20 years old, reflects on the value of taking the long view and not chasing digital media trends
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May 15, 2013, 8:25 a.m.
LINK: www.nytimes.com  ➚   |   Posted by: Joshua Benton   |   May 15, 2013

Julie Bosman reporting for the Times:

In a year that was monopolized by the “Fifty Shades” erotic novels and their various knockoffs, e-book sales in fiction rose 42 percent over the year before, to $1.8 billion. Growth in nonfiction e-book sales was smaller, a 22 percent increase, to $484.2 million. E-book sales in the children’s and young-adult categories increased 117 percent, to $469.2 million.

The survey revealed that e-books now account for 20 percent of publishers’ revenues, up from 15 percent in 2011. Publishers’ net revenues in 2012 were $15 billion, up from $14 billion in 2011, while unit sales of trade books increased 8 percent, to $2.3 billion.

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