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Publishers embrace, and ponder, audiobooks’ rise

washingtonpost.com – Sunday June 3, 2018

NEW YORK — As the audiobook market continues to boom, publishers find themselves both grateful and concerned.

The industry gathered over the past week for BookExpo and the fan-based BookCon, which ended Sunday at the Jacob Javits center in Manhattan. The consensus, as it has been for the past few years, is of a stable overall market: physical books rising, e-book sales soft and audio, led by downloaded works, expanding by double digits.

“We’ve had really significant growth,” Michael Pietsch, CEO of Hachette Book Group, told The Associated Press. “It’s offsetting the e-book decline.”

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