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As e-books grow and stores disappear, print backlist plunges

from Publishers Weekly

In explaining the steep drop in Penguin Group USA's profits for the first six months of 2012, CEO David Shanks said one important factor was the decline in backlist sales. Borders was an important customer for Penguin's backlist, especially its classics line, so the collapse of the chain hurt Penguin more than some other publishers' backlist offerings. more

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