Big Six Find E-Books Profitable

Big publishers are finding that electronic books are generally more profitable than their print counterparts, according to Paid Content.

Here’s the thing, though: since production costs on e-books are fixed and distribution costs pretty much nonexistent on what planet is this news? Especially since, in many cases, they’ve been able to hang onto electronic rights that a more prepared marketplace would not have allowed them to hoard. The fat lady has not sung yet, but the piece in question is here.