@ eBook Summit: Advertising Is Coming To E-Books
There were a few things that attendees and speakers appeared to have decided on by the end of the two-day MediaBistro eBook Summit: case in point, the $9.99 standard price for a digitized title—as established by the space’s leader, Amazon (NSDQ: AMZN)—is not enough to support content creation and distribution. Still, there was no clear idea about what would be a good standard price point. In kind of mirror image of the kind of fevered discussions that goes on at most newspaper conferences, the consensus of the last group of panelists—(pictured, left to right: Random House’s Matt Shatz, Adobe’s Nick Bogaty, and Skiff’s Gil Fuchsberg) was that the future of e-books will likely depend on ad-support to some extent.
Although the books industry has always been the more pure paid content business model, advertising has often played a part, said Shatz, Random House’s VP of digital. He named a few examples belonging to his company, involving the Fodor’s travel guides and ads in the back of pop financial adviser Suze Orman’s books. “Advertising has always played a small part and it will become more prominent for e-books. But it will remain a small part of the digital side as well.”
Fuchsberg, the president of Skiff, was even more certain that advertising will be part of the support system of books general e-reading materials. But he’s certain that if it looks like what’s on the web, the attempts will fail. “If e-books are where more consumers are spending their time, ads will inevitably follow. I just hope it won’t be as much of a sideshow as it is on the web. The prospect for e-reading is to think about how content is displayed and make the advertising naturally fit, rather than slapped on in a way that is annoying.”
Bogarty, Adobe (NSDQ: ADBE) Digital Publishing Group’s director, agreed with Fuchsberg about the problems of online advertising, which he feels has lacked the pleasure that come with the best print ads. “Like me, I’m sure most of you occasionally buy a magazine because you want to check out the advertising,” Bogarty said. “But I’ve never—and I’ve never heard anyone else—go to a website to look at the ads. As soon as we can replicate the values that make people seek out ad info in print, we’ll really have something. But until that point, it won’t work too well.”
Posted In: Advertising, Media & Publishing, Books, e-readers, Events

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