The Bookseller reports that publishers are facing a huge skills gap as digital publishing grows closer. A recent study carried out by the Independent Publishers Guild and the Publishers Association announced that publishers don't understand the new technology. Random House c.e.o and chairman Dame Gail Rebuk warned, 'it is important that the industry moves with the market so the skills gap this report highlights does not continue to grow.'
HarperCollins have seen yearly profits crash from £97m to £10.3 million. A spokesman said that obvious external factors have affected our performance. The general decline in the overall market, the decline in backlist reorders and the (US) distributor, Anderson's bankruptcy. HarperCollins have said that they are optimistic about next year.
Congratulations to Neil Gaiman whose book, The Graveyard Book has won best novel award at the prestigious Hugo Awards. The book has already won the Newberry Award, America's best known award for children's writers.
Guy Hallowes, managing director at Mills and Boons is to retire after 20 years in September. He will be replaced by Many Ferguson . The company recently announced its revenue for the year to date was £150.2m which is 8.7% up on the same period last year.
Tesco's book of the month is Tainted by Brooke Morgan.
Lambeth Council have denied that four of its libraries are to close because of the borough's financial worries.
Audiobook sales in the UK are up 2.5% on the same period last year.
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