Link to October 3 New York Times article, "Will Books Be Napsterized?"
Excerpt: The book industry has not received cheery news for a while. Publishers and authors alike have relied upon sales of general-interest hardcover books as the foundation of the business. The Association of American Publishers estimated that these hardcover sales in the United States declined 13 percent in 2008, versus the previous year. This year, these sales were down 15.5 percent through July, versus the same period of 2008. Total e-book sales, though up considerably this year, remained small, at $81.5 million, or 1.6 percent of total book sales through July.
“We are seeing lots of online piracy activities across all kinds of books — pretty much every category is turning up,” said Ed McCoyd, an executive director at the association. “What happens when 20 to 30 percent of book readers use digital as the primary mode of reading books? Piracy’s a big concern.”