Online Libraries

Book publishers love the Internet and web. There are big name publishers such as Amazon and Sony that have electronic readers already. Revenue rose from 1.8% to 3.71 billion in the first of 2009 already. In the first half of 2009 E-Book sales were at an all time high of 61.2 million that was a 24.6 million increase from the year before. Hochheiser who is the vice president of Cengag says that e books are the fasting growing business out there today. It is said that this is a key tool for companies that are training budgets because it makes it easier and more efficient to do there work. Online book rentals are also at an all time high. McGraw hill will rent their textbooks at a 40 to 70% cheaper value than a new book. Why would anyone not want to take advantage of that. Google is going to pay publishers to make digital books available at a reduced price to consumers. This makes it easier to access books for students so that they don’t need to use there libraries and college students will be looking for anything to cut there costs on books.