By Hannah Johnson
Publishing Trends reports that the Russian publishers are struggling, not only because of the economy, but also from the effects of over-publishing. Coping with bookstore returns and warehousing the unsold inventory, distributors are having trouble paying publishers, which financially impacts agents and authors as well. The growth of foreign investments in Russia’s publishing sector could mean a great deal of change as the economy recovers.
British ebook store Interead has sold over 1 million Cool-er ereaders, as announced in The Guardian last week. This puts the device on target to compete with the Sony Reader in the UK. While the Brits are still awaiting the arrival of Amazon’s Kindle, Interead is confident that it will become the number one device and ebook retailer in the UK. The Cool-er reader comes in a variety of colors and is priced at £189 (or $249).
The Rio de Janeiro International Book Fair will take place all this week and the United States is the “honored country” for 2009. With an extensive cultural program and international exhibitor list, this is one of Brazil’s most important book events of the year. Check back here for coverage from the book fair.