Cute "the sky is falling" story at Publishing 2.0 about type-ins/ parked domains. As dozens of commenters have pointed out, there's nothing new about this. What's tragic is that this practice is just coming to the attention of someone from the world of traditional publishing.
If you're an author, you've got to laugh at the outrage in this story -- and feel some grim satisfaction.
From an author's point of view traditional publishing has been broken for decades. A traditional publisher aims to publish as many books as possible, hoping to make back their investment. This is at the expense of authors, who unknowingly in many cases, subsidize publishers. An author trusts a publisher to make the most of his words, whereas the publisher just wants a fast return on investment.
The Internet has leveled the playing field for authors/ writers AND publishers. If you're a writer, you no longer need traditional publishers: you get to sink or swim on your own, and so do they.
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