NY Times Jumps Into Mini Digital Book Market
By RYAN NAKASHIMA
LOS ANGELES (AP) â¿¿ The New York Times is getting into the business of selling bite-sized digital books based on its reporters' work, giving it entree into a growing market for inexpensive "e-singles" that can be read in a couple of hours.
The Times' first mini book will go on sale Monday. It's an 18,000-word piece about skiers caught in an avalanche by Times reporter John Branch. The story, called "Snow Fall," expands on an upcoming piece in Monday's newspaper.
It will sell for $2.99 in Amazon.com's Kindle store, Apple's iBooks, and on Barnes & Noble's Nook.E-singles fall somewhere between magazine pieces, which can top out at around 10,000 words, and full-length books, which can run around 100,000 words. The product meets the rising demand for content as people buy tablet computers like the iPad and Kindle Fire in increasing numbers. IHS expects global shipments of tablets to hit 120 million this year, just two short years after the iPad jumpstarted the category in April 2010. Tablet shipments are expected to hit 340 million in 2016. And people aren't just watching movies and surfing the Web on their mobile devices. The Pew Research Center's Project for Excellence in Journalism said in October that half of U.S. adults own a tablet or smartphone, and two thirds of them get news on their device. The quick turnaround of digital publishing means non-fiction work remains timely. Gerald Marzorati, the Times' editor for editorial development, said the company is betting the new format will make long-form journalism easy to read and reach people who don't visit the Times' website or read the newspaper. "We're going to really experiment in the first year with different sorts of forms â¿¿ long essays, long narratives," he said. "We may even try collections. We're just sort of experimenting with this form and we'll see if getting something at a very reasonable price in book form is something that appeals to people."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts