After 244 years reference book firm Encyclopaedia Britannica has decided to stop publishing its famous and weighty 32-volume print edition.
It will now focus on digital expansion amid rising competition from websites such as Wikipedia. The firm, which used to sell its encyclopaedias door-to-door, now generates almost 85% its revenue from online sales.
It will now focus on digital expansion amid rising competition from websites such as Wikipedia. The firm, which used to sell its encyclopaedias door-to-door, now generates almost 85% its revenue from online sales.
It recently launched a digital version of its encyclopaedias for tablet PCs."The sales of printed encyclopaedias have been negligible for several years," said Jorge Cauz president of Encyclopaedia Britannica.
"We knew this was going to come."http://www.bbc.co.uk/news/business-17362698
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