ALA Midwinter 2020: Macmillan CEO John Sargent, Librarians Spar Over E-book Embargo

From Publishers Weekly

“In a 90-minute “Ask Me Anything” session, Macmillan CEO John Sargent met with librarians at the ALA Midwinter Meeting to hear feedback and to defend the publisher’s controversial eight-week embargo on new release e-books in libraries. And despite palpable tension in the room, there was little news, no real surprises, and the meeting came off pretty much as expected.Among the few newsworthy moments, Sargent told librarians that it was too early to tell whether the embargo, which took effect on November 1, was serving its function. “It’s been exactly what we predicted—you have this horrific drop in sales because we’re not making [new titles] available,” he said, adding that it would probably take another “two or three months” to better assess the program.”

https://www.publishersweekly.com/pw/by-topic/industry-news/libraries/article/82261-ala-midwinter-2020-macmillan-ceo-john-sargent-librarians-spar-over-e-book-embargo.html