Textbook Publishers under Siege
March 28, 2009
First, it was the YouTube education “collection.” If you missed that story, you can catch up here. Most of the blog pundits skip dull stuff like educational videos for good reason. Pretty dull. But if you are in the text book publishing business, the GOOG in education is an item of interest. Since I cover this topic in my new for fee study, I want to mention another force lining up to take on the dead tree crowd and its $100 plus textbooks–open source texts. TechDirt’s “Open Source Text Book Company Flat World Knowledge Gets Funded” tells the story. You can read the article here. What happens when you sweep into a mixture the Apple iTunes educational videos and podcasts and MIT’s decision to make its educational content like professors’ articles into a pile. The mixture blows up the traditional textbook business. Oh, the mixture is volatile. I hated paying big prices for my econ book which I thought was almost worthless. I learned years after Economics 101 that that book and its pricing kept one publishing company solvent for decades. Boom. Good bye.
Stephen Arnold, March 28, 2009
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