Public Library Responds to Macmillan’s E-Book Controversy

Public Library Responds to Macmillan’s E-Book Controversy

Book Culture

In a draft of a memo sent to Macmillan authors, CEO of the publishing giant, John Sargent, wrote of a new plan to increase revenue made through e-book lending at libraries. “To balance the great importance of libraries with the value of [authors’] work,” Macmillan plans to sell only one copy of any newly-released e-book at $30 to any library. Libraries will then have to wait two months after the title’s release to purchase additional copies at $60. For those of you who aren’t fluent in corporate-speak, this means Macmillan is essentially trying to squeeze more money out of libraries …