A Book Convention - Part Two: What’s Going On
June 5th, 2007
As mentioned in the last column I have had the opportunity to attend several conventions this year. In January I attended the Consumer Electronic Show and the NATPE television conference, both in Las Vegas and in February the Chicago Auto Show. This past weekend I was in New York attending the BEA book publishing convention. I have attended a number of NATPE conventions, having been in the television business, but the other three were new to me to attend as both a futurist and as a member of the press. Inevitably I spent a bit of time thinking comparatively on all four conventions.
The CES show is a reflection not only of what is going on in the world, but was also what will be going on. Given the speed and high level of innovation that technology and particularly the technology that people use for communication, entertainment and work, this convention has become a directional sign post on the future of the world. The media covers this convention excessively, telling its readers and viewers what they will be seeing, buying and using in the months and years ahead. [The comparison of the press rooms of these four conventions was startling. At any one time there were 50-75 people furiously typing on keyboards in the press rooms of the CES, NATPE and Auto Shows. I never saw more than 4 or 5 people doing so in the small press room at the BEA].
The NATPE convention is widely …
Book Expo America is the large annual convention of the book publishing industry. For the past few days, thousands of people descended on the Javits Center in New York for the annual ritualistic gathering of the tribes of this 500 year old business. As regular readers know, this year I have attended the Consumer Electronic Show, the NATPE television convention and the Chicago Auto Show. Once again I found myself navigating an annual convention of a business that targets the consumer [BEA is primarily for the ‘trade’ or consumer part of the book publishing industry]. I look to see what the industry trends are, and how the business is reflecting and adapting to the radical changes going on in society today. Finally, as a futurist, I look at the business through my own filter of what I see the future to be to gauge whether the business is doing what might be necessary to expand and thrive in this new age we live in.
The book business is a mature business, which would be expected since Gutenberg initiated it more than 550 years ago. It is certainly not a growth business. I attended a Trends 2007 presentation which provided a detailed snapshot of the industry today. Year to year revenue growth, current and projected out to 2011, is in the 2-3.5% range, but year to year unit sales over all is less than 0.5%. In other words, any growth is due to increased prices. Factoring in population growth, …









