It's a topsy-turvy book world

Borders UK is under administration; rumours have it that Borders US have not paid their distributors for two months; Barnes and Noble is losing money, so is Waterstones in UK; and publishers are terrified of returns if any more of the big boys go bust. Then there is another story (currently denied) that Amazon wants to set up a brick-and-mortar shop!

In another story French President Nicolas Sarkozy says that he would not let his country's literary heritage be taken away by a "friendly" large American company, namely Google, and is looking to create its own national digital organisation. The project is expected to be financed by a national loan.

In yet another development, five of the biggest publishers of newspapers and magazines in the US (Time Inc., News Corp., Conde Nast, Hearst Corp., and Meredith Corp., whose magazines include Time, Cosmopolitan and Better Homes and Gardens) have announced a plan to challenge Amazon's Kindle with their own digital solution that would display in colour, and work on a variety of devices. Things get even more complicated with the announcement that Simon & Schuster is delaying its e-book editions of about 35 leading titles, taking a stand against the cut-rate US$9.99 pricing of e-books imposed by Amazon. A second publisher, the Hachette Book Group, said it has similar plans.

And then there is this potential 800 pound gorilla in the room (still in vapour form, but which no one dares to ignore), Apple's alleged Kindle-crusher, rumoured to be set for a spring of 2010 release -- okay, start the drum roll now -- the-e MacTablet ... or-rr the TabletMac ... or (is it) the iPad? Well, whatever. Apparently, Apple has been talking to several media companies about their phantom device (which has also been touted as a full-fledged computer, a gaming machine and a portable DVD player), which many think will redefine the rules of the game. Anyway, quite a few fingernails are being chewed in anticipation; there is much nervousness in the industry.

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