By Hillel Italie (Associated Press)
"True Compass," one of the year's most anticipated books, is scheduled to come out next week. But publisher Twelve has decided to hold off "indefinitely" on a digital edition.
Digital sales were so tiny until recently that the publishing industry routinely released e-books at the same time or even before the paper editions. But the growth of electronic sales, widely believed to be between 1 percent to 2 percent of the overall market and higher still for current best sellers, has made publishers worry that the market would suffer for more expensive hardcover editions.
Karp would not comment directly when asked whether he was worried that e-book sales would take away from the hardcover, but noted: "You don't expect a first-run movie to be available on cable the first weekend."
"True Compass" has a list price of US$35. E-books usually sell for under $10.