Elle Griffin writes about recent BigPub merger settlement (merger did not go through), and how few new copies of most books are sold, and lots of other interesting financial details. I mostly buy used books, so I can believe this story (via Simon Willison). Killer quote:

The DOJ found that, of 58,000 books published in a year, “90 percent of them sold fewer than 2,000 copies and 50 percent sold less than a dozen copies.”

https://www.elysian.press/p/no-one-buys-books