As the New York Times recently reported,
In these isolated times, many people are inside reading, but the book business, like others, is bracing for catastrophe. Major literary festivals and fairs around the world have been canceled. Public libraries have closed. Author tours, signings and bookstore appearances have been scrapped.
As the severity of the coronavirus outbreak continues to intensify, authors, publishers and booksellers are struggling to confront and limit the financial fallout. Many fear the worst is yet to come, including more store closures and potential disruptions to warehouse and distribution centers, as well as possible paper shortages and a decline in printing capacity.
“There’s no question we’re going to see a drop in sales,” said Dennis Johnson, co-publisher of the Brooklyn-based independent press Melville House, who has directed staff to work from home. “It’s unprecedented. Nobody knows what to do except hoard Purell.”