NEW YORK (AP) -- Even with slowing momentum for e-books and no new blockbusters such as “Fifty Shades of Grey,” publishing held its own last year.
The Association of American Publishers released a report Tuesday that showed sales in 2013 around 1 percent less than the year before. Based on numbers submitted by more than 1,200 publishers, trade sales totaled $7.01 billion in 2013, compared with $7.08 billion in 2012. Sales remain well above the $6.7 billion of 2011 despite the dissolution of the Borders superstore chain and the struggles of Barnes & Noble Inc.
E-book sales actually declined slightly, from $1.543 billion to $1.535 billion, after years of explosive growth. The cause was a sharp drop for young adult books, which remain far more popular on paper compared with romance, mystery and other genres.