The recent trend among superstores to sell hardcover bestsellers for under nine dollars has generally been regarded as bad news for non-bestselling writers. If you can get a massive King for nine bucks why pay $23 for a Gorman? I wouldn't.
But on The Today Show John Grisham, whom I've always considered a very erudite and classy guy, went even further, talking about how he wouldn't be hurt but hundreds of other writers would. He said there were other threats beyond the nine dollar books.
(This is from Galleycat) "And the price war is not the only challenge the publishing industry faces nowadays. E-books sold for the Amazon Kindle and the Sony Reader have eaten into profits of publishers and booksellers — and Grisham says the future looks bleak.
Regarding reading books electronically, he told (Matt) Lauer: “If half of us are going to be doing it, then you’re going to wipe out tons of bookstores and publishers and we’re going to buy it all online.
“I’m probably going to be all right — but the aspiring writers are going to have a very hard time getting published,” he added.
Ed here: As I've said to a couple of writers who came along when I did: Who knew the eighties and up to the mid nineties were the golden age for writers like us?