New Report Offers Post-Pandemic Outlook for Book Business
Analysts Offer Publishing Outlook:
A new report by veteran publishing consultants Cliff Guren, Thad Mcllroy and Steve Sieck explores "the impact of COVID-19 on the U.S. book publishing market," according to Andrew Albanese of Publishers Weekly. The authors believe that "the implications of COVID-19 on the book publishing sector are both subtle and deep," with "hugely lopsided sales by category, reflecting short-term social realities more than structural industry developments." The group also advises publishers to "treat bookselling as digital-first, physical-second" endeavor amid the emergence of other online-first strategies, while "tables could be turning" in the longtime diminution of digital formats by public and academic libraries due to the nature of the pandemic.