In a panel on the future of publishing at the Oxford Literary Festival, Waterstone dismissed the emerging channel as overhyped.
The Telegraph has the story:
“I think you read and hear more garbage about the strength of the e-book revolution than anything else I’ve known,” Mr Waterstone told the audience in Oxford. “The e-books have developed a share of the market, of course they have, but every indication – certainly from America – shows the share is already in decline. The indications are that it will do exactly the same in the UK.”