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Thursday, 5 April 2012 - One-fifth of U.S. adults read e-books as market booms: survey |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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In a sweeping survey of e-books' impact on reading habits, the Pew report said that four times more U.S. readers, or 15 percent, were reading e-books on a typical day now compared with less than two years ago. But when it comes to reading in bed, the verdict is split. Forty-five percent of those surveyed preferred e-books and 43 percent gave the nod to old-fashioned print. Lee Rainie, the head of the Pew Internet Project, which conducted the survey, said the results underscored huge cultural and publishing changes as people do more of their book reading online. "People's relationship to books is a central part of culture. So when that relationship is in transition like it is now, it's an interesting thing to mark," he said. The e-book industry has grown from $78 million in sales in 2008 to $1.7 billion in 2011, according to Albert Greco, a book industry expert at Fordham University. He has estimated e-book sales will be $3.55 billion in 2012. Forrester, a consultancy, has forecast that nearly a quarter of Americans will own an e-book reader by 2016. With prices for top models below $100, the readers "are a no-brainer for more and more consumers," it said in a report. Online retailer Amazon.com Inc has about 65 percent of the e-book market, according to Cowen & Co estimates. E-READER HOLIDAY The Pew poll found in February that 21 percent of Americans 18 and older had read an e-book in the previous 12 months, up from 17 percent in December 2011. The jump was attributed to gifts of digital book readers and tablet computers over the holidays. People who use e-books are more voracious readers of books of all kinds, with 88 percent of those reading e-books in the previous 12 months also consuming printed books. They also are more likely to be under the age of 50, have some college education and live in households that make more than $50,000 a year. The most popular formats for e-book reading are on a computer and on digital readers such as Amazon's Kindle or Barnes & Nobles Inc's Nooks, both at just over 40 percent. The survey was based on interviews of 2,986 Americans aged 16 and older conducted from November 16 to December 21. Other surveys were held in January and February. The work was underwritten by a grant from the Bill & Melinda Gates Foundation. (Additional reporting by Sam Wahba in New York; Editing by Philip Barbara) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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