Verbatim

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On the sustainability of the publishing industry, in the Chicago Tribune:

"I think that book publishing is about to slide into the sea. We live in a literate time, and our children are writing up a storm, often combining letters and numerals (U R 2 1derful) ... The future of publishing: 18 million authors in America, each with an average of 14 readers, eight of whom are blood relatives. Average annual earnings: $1.75."

--5/26/10

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Sources: Detroit Free Press; NBC; LCI television; AP; Reuters; AP; Times of London