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eNews: Smashwords Projects Gross Sales of $12M This Year; Faber Condenses Book Extracts into “Faber Forty-Fives”; and More

June 7, 2012
By Sarah Weinman

Smashwords ceo Mark Coker told Forbes that the company expects to double their gross revenues in 2012, to $12 million. They keep roughly 15 percent of that gross, and the company expects pre-tax profit “approaching $1 million.” Coker indicates that romance novels and erotica comprise nearly 40 percent of sales. This week Faber & Faber launched […]

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Filed Under: Direct publishing, eNews, Financing/Start-Ups

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