Is the bad news good news?
But I wonder. Does the drop represent bad news in the sense of declining book buying and declining readership? Or does it represent good news in the sense of small publishers getting smarter about what titles to invest in? Could this just be the publishing equivalent of the dot-bomb, an industry shakeout in which people regain their common sense and drop the properties that had no prospects of success in the first place?
It would be interesting to see a statistic that somehow captured the change in profit in the various publishing segments Bowker tracks, rather than the change in number of titles.