Publishers are having a problem with ebooks. The problem is that the new tablet readers are working and ebooks are selling, but there are worrying signs that prices are falling, competition is increasing, and there is a race to the bottom. Best-selling print books used to cost $24.99 $19.99 or $14.99. Now there is an increasing tendency for best sellers to be priced low, low, and lower.

It is partly because of Amazon and Apple’s success at … Keep Reading