Rethinking The Fiction Publishing Business

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Recently, I discussed a few of the issues facing fiction book publishers. My prediction is that their biggest competition will come from authors who bypass publishers and distribute through electronic channels (Amazon, Barnes & Noble, and even their personal web sites). Where does this leave the publisher in a post-printing world?

The Dilemna for Publishers of Fiction

Photo Credit: George Eastman House via Flicker

The traditional market for publishing fiction is under assault. The first salvo came with the introduction of print-on-demand. However, it appears the real threat is from the electronic book movement. One of the most significant trends from these initiatives is the emergence of competition from self-published  new comers, or even established pro's that are taking their books directly to consumers. How should a publisher react in this environment?