Tom Weldon: ‘Some say (book) publishing is in trouble. They are completely wrong’

PenguinAhead of the London Book Fair, the UK head of Penguin Random House insists his industry has coped with the digital revolution better than any other.

The indie booksellers are shutting up shop, authors struggle to make a living, and more than 60% of 18-to-30-year-olds would rather watch a DVD than get their nose in a book. But as the publishing world gathers at the annual London Book Fair this week, one of the UK’s leading publishers thinks the notion of the book industry in crisis is just a cliched old story.

“Some commentators say the publishing industry is in enormous trouble today. They are completely wrong, and I don’t understand that view at all,” says Tom Weldon, UK chief executive of Penguin Random House, one of the biggest players in Britain’s book world.

For the full story read The Guardian