Springer sees significant gain from e-book sales

<p>Electronic book readers such as Amazon&#39;s Kindle are transforming academic publishing much faster than the consumer market, notes the FT following an interview with Springer Science &amp; Business Media, the second largest scientific, technical and medical publisher. But it wants manufacturers of e-book readers to settle on a common software standard to alleviate unncessary costs.</p><p>Meanwhile the Wall Street Journal reports that the business continues to talk with Apax Partners even though the London-based private equity firm isn&#39;t among the buyout shops that put in second round bids for a stake in the publisher.<br /><br />Olaf Ernst, Springer&#39;s president of e-product management and innovation, told the FT, that while most &quot;trade&quot; publishers expect e-book revenues to account for no more than 3% of sales this year, e-books accounted for a &quot;significant&quot; amount of Springer&#39;s turnover.<br /><br />The private equity-owned group, which appointed Goldman Sachs and UBS this spring to raise equity, declined to disclose exact figures on e-book revenues, but said it expected more than half of its book revenues to come from e-books within the &quot;next few year&quot; at is STM unit.</p><p>Springer echoed calls from trade publishers for manufacturers of e-book readers to settle on a common software standard, to eliminate the cost of serving half-a-dozen different formats.<br /><br /></p>