HarperCollins Turns Page in Publishing

re: "Marking a radical departure from traditional book-publishing practices, HarperCollins Publishers says it will launch a new book imprint that won't accept returns from retailers and will pay little or no advances to authors. /To be headed by veteran publishing executive Robert S. Miller, the imprint also likely won't pay for more desirable display space in the front of bookstores, a common practice. Instead, the as-yet-unnamed unit will share its profit with writers and focus much of its sales efforts on the Internet, where a growing portion of book sales are shifting. /The new venture is aimed at improving the economics..."...

hat tip: roger l. simon, via Frank Wilson