Carolyn Reidy tells employees in her year-end letter that they will be “surpassing our prior year by a large margin,” noting, “I am confident that this year will be remembered as the year in which publishing changed irrevocably. After a full decade of speculation concerning how or even if we could manage the transition to a digital age, this year digital publishing really took off; there is no doubt that its steep growth trajectory will continue for the foreseeable future.” But “the bricks-and-mortar bookselling environment continued to lag previous years, and this is reflected in revenues lower than we’d like.” […]
