Feeds

AOL Time Warner shuts ebook biz

Harmful to print

  • alert
  • submit to reddit

3 Big data security analytics techniques

AOL Time Warner is shutting down its e-publishing arm, iPublish, from the end of the year because the market "has simply not developed the way we hoped".

In the current economic climate, the chairman of Time Warner Trade Publishing Larry Kirshbaum continued, "we can't jeopardize our thriving print business by carrying a money-losing operation indefinitely into the future".

The closure of iPublish - which opened in April last year and was hailed as a "groundbreaking" online venture - will see 29 jobs go.

The news, added to the recent axing of Random House's ebook venture AtRandom.com (which was started several months after iPublish), has caused many to speculate that the electronic book market is a dead dodo.

However, themarket is gradually growing as people hear about electronic books and discover some of their advantages.

The same problems remain: most significantly from the user point of view reading long tracts on a backlit screen is not exactly comfortable; and portable eBook readers are quite pricey.

From the publishing side, security is a major concern - as detailed in the fury directed at Dmitri Sklyarov when he exposed flaws in Adobe eBook technology. Electronic files can be disseminated extremely quickly and with little effort. Running an Internet infrastructure when pickings are slim is costly and charging "as much as the market would bear" for an eBook hasn't helped with demand.

Nevertheless, many companies are still working away at electronic books confident that the logic of books in a digital format will forge a market some time soon. Even AOL Time Warner has said it will continue to digitise books, as will Random House. It is quite likely that we will see a resurrected iPublish in a couple of years. ®

Related Stories

WH Smith jumps on ebook bandwagon
MS eBook cracker keeps findings secret
Penguin embraces ebooks
Sklyarov boss exhibits cojones
eBook security debunker arrested by Feds

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.