“Long-term there’s no future in printed books”

An interesting post on the appallingly named tech site Pandodaily: Confessions of a publisher, written by an unnamed “industry insider”.

Amazon could probably afford to lose $20 million/year in their publishing arm just to put the other publishers out of business. I think that’s what they’re trying to do–throw money around in an industry that doesn’t have any, until Amazon becomes not only the only place where you buy books, but the only place that publishes books, too.