Saturday, 26 December 2009

Odd accounting from the Telegraph

From this article (h/t Marginal Revolution):
The top 100 authors dominate sales. As The Bookseller has explained, some 100,000 titles are published every year, but these authors account for £1 in every £6 spent on books and a fifth of revenue.
 What does the Telegraph think is the difference between "revenue" and "£ spent on books"?

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