A new study sponsored by the Authors Guild examining the causes of the decline in authors’ earnings found that only 25% of print books and e-books read in the past month were bought new or through a paid subscription. The study, conducted by the Codex Group, notes that while books are available in more formats and channels than ever before, average author earnings, now pegged at about $10,000 annually, have declined about 42% since 2009, the year Kindles first entered the market.
Source: Authors Guild Looks at Why Author Incomes Are in Decline