HMV suffering as book sales sink
source: http://uk.news.yahoo.com/5/20081211/tuk-hmv-suffering-as-book-sales-sink-45dbed5.html
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- purplefox
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Wait, I thought that HMV sold music?
It turns out that HMV also owns the bookseller Waterstones, which it's now blaming for a £27.5m pre-tax loss. It says that the book market has seen a "marked deterioration" in October and November as a result of the credit crisis.
I find this very bizarre news. Could books really be seeing more of a loss than music? What with music being more expensive and more illegally reproducable, you'd think it'd be the other way around?
It turns out that HMV also owns the bookseller Waterstones, which it's now blaming for a £27.5m pre-tax loss. It says that the book market has seen a "marked deterioration" in October and November as a result of the credit crisis.
I find this very bizarre news. Could books really be seeing more of a loss than music? What with music being more expensive and more illegally reproducable, you'd think it'd be the other way around?
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- groups:
- News and Politics, Music, Money
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- tags:
- News and Politics, Music, UK, Money, 7 more
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ClareW
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HMV own Waterstones?! That is really surprising. I completely agree, you'd think book sales wouldn't suffer as much as music sales....
- 3 years ago
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ClareW
