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Amazon gave authors' books to the masses
And have any of these geniuses bothered to ask about the internet age in general? Hardcover has to be down because of price, Kindle up. $5 mass market paperbacks might fare a little better with old people but everything's going virtual. Musicians are getting killed by streaming
.This says it all, guilty as charged 'Amazon (which now controls 72% of the online book market in the US) puts pressure on [publishers] to keep costs down and takes a large percentage, plus marketing fees, forcing publishers to pass on their losses to authors,” said the report.'