A few years ago, the printed book was considered a soon-to-be extinct dinosaur, replaced by the digital e-book. However, more recently, e-book sales in the US have dropped 17% (while printed book revenues have jumped by 4.5%). Simon & Schuster CEO Carolyn Reidy said that after years spent taking pennies out of the cost of making a book, her company is now investing money to increase the quality of its printed books. It is also working hard to increase the speed at which each print job is completed and delivered to the marketplace)

(source: Wall Street Journal, 10/16/2017)

• What are your thoughts about this from an accounting standpoint?
• What are your thoughts about this as a consumer? Do you prefer printed books or e-books? Are you willing to pay more for your preference?