Tuesday, June 5, 2012

Grub Street Printing Newsletter #38, June 2012


I've always worked in the short to medium run book market. I don't know that I ever worked on a title that printed more then 25,000 copies in one run. And while the short/medium run market precluded working on books that found their way to the New York Times bestseller lists, it provided an incredible variety of subject matter and genres to reward the readers in our industry.
And traditionally, one of the mainstays for marketing shorter run titles was the independent bookstore. For those of us of a certain age who remember life when Borders was an Ann Arbor bookstore and Barnes & Noble stores were more closely regarded as campus bookstores, small book shops inhabited old houses, storefronts just off the main thoroughfares, and long, narrow spaces with at most two aisles stretching back from the door in all manor of strip malls. Incense and/or pipe tobacco frequently scented the atmosphere.
Many of them specialized in stocking books for a particular clientele. I lived down the road from a strip mall store that catered to Ann Arbor's science fiction community. And I remember when Katherine Stern, whose Stern's Books on the North side of Chicago specializes in psychology books, expressed surprise that a community with the academic heft of Ann Arbor didn't have a bookstore dedicated to similar fare.
The decline of the independent bookstore has been well documented but the retail marketplace continues to evolve.
Today some argue that the ease with which small presses and self publishers can produce eBooks and sell them across any number of websites bodes well for these narrow markets. However, it's widely reported by those who search Amazon for titles of interest that many of the small press titles are pirated editions bearing similar titles to the original work but crudely re-edited, or books that badly need editing (or even spell checking!), and even books that are not formatted for ease of reading whether on a printed page or a plastic reader.
So it was with some interest I read this story this morning of the struggle of Towne Book Center & Cafe in Collegeville, PA to adapt, to evolve and reinvent itself into a 21st century bookstore.
I miss the time when nearly every city, town and township had a bookstore supported by the community, and not just because of my career path. I'd like to think the rebirth of the independent bookstore has begun.
HMH Reorganizes
In what is expected to be a very short period of bankruptcy protection, textbook (and Curious George) publisher Houghton Mifflin Harcourt is restructuring debt as equity and hopes to emerge from the proceedings at the end of this month.
Exporting eBooks
International sales of American publisher's books saw eBook sales of $21.5 million in 2011, up from $4.9 million in 2010, a 333% increase, while conventional book sales rose to $335.9 million, up 2.3%.
Self Publishers: Caveat Emptor
Although they're not often called “Vanity Presses” any longer, the same swindlers are out trolling for self publishers by offering sub-quality products and worthless services.
Drupa Down
The world's largest trade show for printing equipment is held every four years in Dusseldorf Germany. In spite of some paradigm changing new technologies, attendance, while a still healthy 314,500, was down 19% over the 2008 show.
Inkjet Books?
Forget about your old messy desktop inkjet printer. Two new technologies were introduced at Drupa that combine high speed throughput on inkjet presses. The Landa press uses nano droplets of ink to coat a medium similar to an offset blanket that then transfers the image to the paper. Rival Xeikon's approach is believed to be electrostatic using a liquid toner. Each promises reduced cost per page.


OWS Sues NYC
Claiming that the police raid on the Occupy Wall Street Library last November resulted in over 3,000 books being confiscated, but with just over 1,000 returned, OWS has sued NYC (including the NYPD) in federal court. It's a strange revolution that values its libraries.
Promote Your eBook Online for Free
GalleyCat lists sites for eBook publishers to promote their books online at no charge. They're also good sites to search for eBooks to purchase.

10 Most Controversial Magazine Covers
After the brouhaha over the recent Time magazine cover, Adweek selected the ten most controversial covers of the past few years.
eBooks, eReaders, Tablets and Their Users
This graphic provides information about digital books, readers, their owners and how and where they use them.
In Defense of “Legacy” Publishers
While large publishing houses are derided as “legacy” businesses, most have not only adapted to the opportunities available through digital distribution, they also possess a trove of content curated over the years to republish in any forms the market desires.
Paper Pricing Insights
Even though paper prices are showing minimal movement because of spotty demand, this article offers insights on how prices are set and supply managed to ensure profitability and avoid glutting the market.
Donnelley Shutters Another Plant
RR Donnelley announced that it is closing its Danbury CT plant just days after announcing its purchase of EdgarOnline for $38.6 million. Donnelley's chronic identity crises continues.
50 Shades of Twilight
The surprise bestseller of the year (3 million copies sold in a month) the 50 Shades of Gray trilogy apparently began life as a racy take on the popular Twilight book series. Libraries are debating whether to stock the title or not.
More J.K. Rowling Success
Selling Harry Potter eBooks on the new Pottermore website produced sales of nearly $5 million in it's first month of operation.
Final Thought
What holy cities are to nomadic tribes - a symbol of race and a bond of union - great books are to the wandering souls of men: they are the Meccas of the mind. G.E. Woodberry

Friday, May 4, 2012

Grub Street Printing Newsletter #37 - May 2012

After nearly a decade of eBooks evolving into their own unique market, it seems no one knows what they're worth (ie. how to price them). Not helping the debate along is the fact that you don't own the eBook you paid for. You can read it, probably not share it, and certainly can't sell it. Now that the Department of Justice has taken an interest in the subject, it may take another decade to figure what an eBook should cost. 
eBook Pricing Storm Brewing
Years after adoption, if not whole-hearted acceptance, of “agency model” eBook pricing, along comes the Department of Justice (DOJ) to investigate how the model was crafted to thwart poor little Amazon's loss-leader pricing. A Wharton analysis of the pros and cons of the “agency (platform) model”analyzes what works, for whom, and why.
DRM and the Anti-Trust Lawsuit
Did publisher's insistence on digital-rights-management technology (which locked customers into specific eBook formats and vendors) cause the DOJ action? Tell it to J.K. Rowling who embeds DRM on all Harry Potter eBooks.
Microsoft Loves B&N, Hates Google
Barnes & Noble has spun off it's Nook business as a subsidiary and sold Microsoft a 17% interest in the new entity (named NewCo) for $300 million, effectively valuing the new subsidiary higher than the parent company. Ahhh, the price of relevance.
Kindle Fire's Unbelievable Rise
The Kindle Fire's dominance of android based tablets increased from roughly 30% to 55% from Dec. 2011 through Feb. 2012. What? Give a Fire for Valentine's Day?
Author Loves Amazon, Hates Publishers
What a different perspective authors have of this industry. Barry Eisler maintains that Amazon is a heroic savior of the industry, unfairly attacked by the big 6 "monopolistic" publishers. The last valid statistic I found was from 2008 when there were 63,000 publishers in the US that sold $14.2 billion annually. That number has surely grown with the popularity of the eBook. Monopoly? Really?
In an earlier interview Eisler boasted that publishing for him is “a business, not an ideology”.
More eBook Users than Buyers
The spread between the number of adults who have read an eBook as opposed to adults who have purchased an eBook is growing. Adults who've read an eBook increased from 11% to 17% from 2010 to 2011, but eBook buyers only increased from 9% to 11%.

Mohawk Paper Co. Growing
Four years ago we noted that premium paper manufacturer Strathmore had been purchased by Mohawk (Paper). Since then, Mohawk has continued making fine papers and has found markets as far away as China. They've added 38 employees this year.
Books-A-Million to go Private?
Books-A Million (BAMM) majority stockholder (53%) has announced that he is preparing an offer to purchase the balance of shares not under the control of his (Clyde B. Anderson) family. Is there hope for bricks and mortar?
What Angry Birds Can Teach Publishers, Printers
Rovio Entertainment, Ltd entered the publishing business to cash in on it's best-selling app, Angry Birds. Digital vs. ink and paper? They say it doesn't matter, content is king.
Let's Play Walden Pond
The National Education Foundation has awarded the University of Southern California $40,000 to develop a Henry David Thoreau video game.(?)


Invisible Watermarks, Content, and Advertising
Somehow this process uses printed “invisible watermarks” to furnish additional digital content in any printed material to your smartphone. Here's a demo.

Publisher's Survey
If you have a few minutes, take the 2012 Infotrends Publishing Survey. Your participation will get you a copy of the published report.
Celebrity Mom Authors
What is it about celebrity motherhood that compels some women to write whether or not they actually can? This list of the 50 most notable of the group is the only time I've seen both Pam Anderson and Barbara Walters in the same list.
Final Thought
The best of a book is not the thought which it contains, but the thought which it suggests; just as the charm of music dwells not in the tones but in the echoes of our hearts. Oliver Wendell Holmes
******************************************* Past GrubStreetPrinting.com newsletters can be found at http://grubstreetnews.blogspot.com/

Tuesday, April 10, 2012

GrubStreetPrinting Newsletter #36, April 2012


The annual winter lull book printers deal with each year is coming to an end and the printers we work with are reporting a sharp uptick in pricing activity and order entry. Look for schedules to start to stretch out a bit. You can assure that your title gets the best possible ship date by checking and rechecking your files before submission. Requesting an improved schedule only to get bogged down in pre-press is as frustrating to the printer as it is to you.
This month's article on “The Beauty of Print” reminds us that graphic design wasn't perfected in the last decade, or even the last century. The timeless beauty of the Bibliodyssey link displays paper and ink artwork from rich, textured Gothic to light, delicate Minimalist interpretations.

Book Sales Climb
The American Association of Publishers has announced a new monthly sales report, StatShot. In its first report, trade book sales for January were up 27%, Childrens/YA was up over 60% for conventional books and 475% for digital editions.
Black Liquor Tax Credit Lives
Black liquor, a paper mill by-product, has long been converted to energy by paper mills. A few years ago paper producers were surprised to learn that the conversion qualified them for energy tax credits. It was thought Congress would end the credit, but an Idaho Senator thought otherwise.
Shocker
Smart phones and tablets haven't found their audience in terms of content yet, because social networking and games account for 74% of their usage. Content grabs just 11%.
Magazines Retail Sales Slump
As those in the book business attempt to analyze the fallout from Borders closing all of its stores in the summer of 2011, the magazine industry reports that newsstand magazine sales fell around 10%, with some like Vanity Fair losing over 20%, in the ensuing six months.
Novelist Discusses eBooks
Jonathen Franzen considers the value of paper and ink books in contrast to eBooks and concludes that eBooks are damaging society.
Dangerous Books
The re-established Occupy Wall Street library in Union Square was raided by the NYPD and virtually all of the books were confiscated just days after the library had re-opened after the last police raid.
McNally Jackson
One of my favorite publishers posted a link to a Soho bookstore that had purchased an Espresso all-in-one book making machine for self publishers. It ain't cheap, but, hey, it's NYC! McNally Jackson has also offered support as well as a meeting place for the Occupy Wall Street folks.

The Beauty of Print
I got an email from another printer the other day with the subject line, “Don't make print as dull as digital media.” I was reminded of that when I discovered Bibliodyssey, a site so lush and large it will take a long while to survey its display of the creativity and beauty of paper and ink.
End of an Era
Once considered the sine qua non of reliable research for term papers ,the Encyclopedia Britannica has halted publication of its paper and ink edition and will only be available online. The 2010 edition, at 32 volumes and an impressive 129 lbs., is the final edition and is available, along with the companion 26 volume Student Encyclopedia, for $1,995.00. The “copy and paste” term paper is now inevitable.
Europe Revisited
Sometimes when a new title is reviewed, my first thought is, “That's so cool! Why didn't I think of that!” Douglas Mack's Europe on 5 Wrong Turns a Day retraces his parents travel through Europe roughly fifty years ago, relying on Frommer's Europe on $5 a Day as their, and ultimately his, trusted guide.
Tips for Freelance Writers
An editor for The New York Times Magazine offers tips on how to deal with editors who read, edit, and select freelance submissions.
Hunger Games Trilogy Book Sales
While the movie adaptation of Suzanne Collin's book opened third best in opening week-end sales, (behind another adaptation, first place in opening sales, Harry Potter and the Deathly Hollows, Part 2) the significant icrease (see “Book Sales Climb”) in January's YA book sales could be due to the nearly 37 million total copies sold since publication of Collin's trilogy.
Final Thought
Having your book turned into a movie is like seeing your oxen turned into bouillon cubes. - John LeCarre
******************************************* Past GrubStreetPrinting.com newsletters can be found at http://grubstreetnews.blogspot.com/

Friday, March 9, 2012

Grub Street Printing Newsletter #35, March, 2012

Once again this newsletter highlights the struggles we're experiencing in our industry. An interesting perspective on how the digital age has roiled the business models of the late 20th century can be found in the last paragraph “Final Thought” where instead of a simple quote I've linked to Seth Godin's blog article.
And if you're tired of the new eWhatever and iSomething announcements that pepper this newsletter each month, take a look at the 20 “Most Beautiful Bookstores” in the world. Someone forgot to tell them that they're no longer relevant.
The link to Hub City, where writers, publishers and book retailers survive together in a Spartanburg, SC, non-profit, reminds me of all the reasons why I fell in love with this industry over 30 years ago. 
 
Discounted eTextbooks
The California State University system (the largest such system in America) has announced a new agreement with Cengage Learning to provide digital textbooks at a reduced price to CSU students.
Well, duh....
The Authors Guild, citing a number of examples, has deemed Amazon “anti-competitive” and has called for all publishers to refrain from committing their titles to the Kindle format.
Amazon Tries to Bully IPG...
Amazon has dropped 5,000 Kindle eBooks available from Independent Publishers Group from its store because IPG wouldn't accept Amazon's new, unfavorable contract terms.
...But Copia To The Rescue
But now those 5,000 titles are now available on the eBook social networking site Copia, generally at reduced prices.
Speaking of Copia
Three new eBook platforms will be announced in the coming months from Google Editions, Baker & Taylor, and Copia, which is also introducing it's new eReader.
US Postal Service Ranked #1
Oxford Consulting Group, a British organization, examined the mail services of the developed countries of the world and found the USPS to be the most dependable.
Academics Boycott Elsevier
Academics from many countries have stopped submitting research to Elsevier for publication, stating that Elsevier is overcharging for access to what is mostly taxpayer funded research.
Watch an Oscar Winner Here 
The Fantastic Flying Books of Mr. Morris Lessmore won an Oscar Award for Best Animated Short Film, and can be viewed here courtesy of Galley Cat/Media Bistro. 
No “Pinning” From Your Pages
If you have images you'd prefer not to have shared (pinned) on Pinterest, add this code to the top of the page
Most Beautiful Bookstores
Flavorwire has developed a listing of the 20 most beautiful bookstores in the world. Now that's a real bucketlist for book lovers.
eBook Sweet Spot?
While every category of the publishing industry has been affected by eBooks, it seems that conventional Adult Mass Market books may be feeling the pinch the most.
BISG BookStats
Book Industry Study Group has begun sifting through last year's sales data to produce their now annual BookStats. You can participate in their publisher's survey here by March 31. The assembled information will be available in June.
Vogue Retools iPad Edition
After releasing just three iPad editions of Vogue in over a year, Vogue has announced that it's new iPad eZine will re-launch this September.
Whither Amazon?
There is wide spread speculation that the next generation Kindle Fire will have a camera, although consumers don't seem to care if their tablet/eReader has one. But Amazon would like shoppers to use their Kindle cameras to comparison shop in brick and mortar stores against Amazon's pricing. Strangely enough, Amazon is considering opening brick and mortar stores.
Will the Big 6 Fight Back?
Are the 6 major US publishers prepared to duke it out with Amazon?
Check Out Hub City Books
If you missed the story on NPR, take a moment to appreciate the vitality this creative organization has brought to Spartanburg, South Carolina.
Final Thought
There's not enough room for Seth Godin's observations on the disruptions brought about by the ongoing digital revolution, but his thoughts on the impossible displacing the perfect are quite apropos both the print and publishing industries.

Tuesday, February 7, 2012

Grub Street Printing Newsletter #34, February, 2012

Arabic eBooks
eReaders that can display Arabic have been developed and there is a nascent Arabic eBook industry. Notice too in the article that conventional book sales are forecast to rise 5% in the United Arab Emirates.
Paperless Society? Not Even Close
In an effort to determine if children of the digital age still find paper relevant and useful, 80% of European youth surveyed believe paper is an integral part of their lives.
Studying Amazon
I think we all follow the ups and downs of Amazon, if not always as supportive fans. It is the elephant in our room. Here are excerpts from a recent article about Amazon in Businessweek.
Remainder Distributor Closes
Many of us assumed (wrongly) that sales of remainder books would perform well through a recession, so it was a surprise that one of the largest remainder distributors, Fairmount Books, is closing after twenty-nine years of operation.
iPad vs. eReaders
Research is beginning to show that the public (and hence publishers) find the iPad format superior to tablets like the Kindle Fire and Nook Color for eBook reading.
Kindle vs. Kobo
Because the Kobo eReader hasn't been much publicized in America doesn't mean it's not successful. Internationally, Kobo narrowly outsells Kindle. It only matters because the Kindle uses a proprietary format while Kobo accepts more than a dozen.
Industry Dead Pool
An unscientific survey asked readers to predict the health (or lack thereof) of four organizations integral to the print/publishing industry. The winner surprised me.
xpedx Closes Stores
One of the nation's largest paper distributors is closing its retail stores. xpedx has announced it's doing away with it's Stores Division. At one time it had 140 stores in 32 states. xpedx is owned by International Paper, the largest paper manufacturer in the world.
Romney Sympathizes (and Blames)
Prior to the final Republican Debate before Florida's Primary, Mitt Romney held a rally at a print shop that was closing after 99 years of operation. You know who he blamed for the closing, but when we closed our shop in 2005, there were 1,000 commercial printers closing in America each year.
Jaipur Literary Festival
I never thought much about literary events in countries busy building infrastructure and industry, but this account of the Jaipur (India) Literary Festival captures a very different event than one of our local festivals might provide.
Bookstore Tips
I think we've all thought wistfully about owning a bookstore. Here are 25 wry tips to think about before taking the plunge.
Children's Book Stories Rule Oscars
Stories from children's books that were made into movies last year have received 21 Oscar nominations.
eTextbooks for All Levels
College eTextbooks have been described here before, but the largest textbook publishers now have developers creating texts for the iPad for lower levels too.
DRM and Piracy
A major eRetailer argues that publishers should stop using digital rights management (DRM) because it hurts sales and it doesn't seem to stop those who are determined to defeat it anyway.
Sexy Authors
Canteen magazine has decided that novelists need a more contemporary image and so has commissioned photographs that portray authors in lustier portraits than one might have expected.
Final Thought
It is what you read when you don't have to that determines what you will be when you can't help it. ~Oscar Wilde 
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Past GrubStreetPrinting.com newsletters can be found at http://grubstreetnews.blogspot.com/

Thursday, January 5, 2012

Grub Street Printing Newsletter #33, January, 2012

2012 Resolution: Fewer Commas
Twenty five authors and editors submit their New Years resolutions, including Marisa Silver's, “Use fewer commas.”
Ebook Pricing
Experiments to find the right balance between low eBook pricing while maintaining a level of profitability continues, with the latest iteration trending upward.
Free eTextbooks for California?
Citing the high cost of college level textbooks, a California legislator has proposed converting classes to open source eTextbooks, lowering the overall expense of a college degree.
Amazon Takes on Brick and Mortar...
In its ongoing attempt to commoditize everything and eliminate physical stores, Amazon has introduced a Price Check app that encourages brick and mortar shopping, but allows you to check pricing and order from Amazon online. An author examined the plan in a NY Times article and there are numerous petitions opposing the app, citing Amazon's ability to forgo sales taxes, among other things.
...Causing Some Geeks to Love Amazon...
Unable to find comfort in a cozy bookstore, scanning a wide variety of genres, formats, designs, and stories, Slate's Geek-in-Residence proclaims bookstores irrelevant and out of date, while another of the digerati protests his assessment.
...But Not the Kindle Fire
Amazon's recently introduced Kindle Fire seems to have some off-putting design flaws. Amazon answered with an update automatically delivered and installed, but software was only half the problem. Of interest in the story is that Amazon needs eReader dominance so badly that it loses around $20 on every Kindle sold at Best Buy, Walmart, etc.
Perhaps in response to the negative reviews, Amazon has retreated on one touchy issue so now the Fire can access the Android apps marketplace.
eReader/Tablet/Smart Phone Sales
Google reports 3.7 million devices running their Android O/S were activated this past Christmas. Amazon reports selling a million Kindle readers a week in December, its top-selling items. Too bad it doesn't make a profit on them.
eReaders have gone from exotic to commodity in just over four years as shown by this assessment of eBooks and eReaders from 2007. With color eReaders selling for less than $60, the B&N concerns about affordability have been addressed. (Confession: I don't have an eReader, tablet or smart phone. And yes, I know exactly what that makes me.)
Is a Magazine Just an iPad That Doesn't Work?
So the parent who shot this video would have you believe. When this very short video is over, scroll down and check out the comments.
Still fighting the Google Book Settlement
The Author's Guild has petitioned the courts for certification of class status to pursue a lawsuit against Google and the Google Book Settlement. Google has asked the court to deny certification claiming each copyright holder needed to file a separate lawsuit.
From Twitter to Best Seller?
Apparently, #whitegirlproblems is a twitter feed that parodies the concerns of a fictional, spoiled twenty-something. The book launches this month.
2011 Literary Year in Review
A revival of interest in Papa Hemingway and the Kennedys, the loss of Steve Jobs and Andy Rooney, and the rise of self-published authors are remembered in this 2011 recap.
Comic Book Brings $2 Million...
A copy of Action Comics #1 with a bizarre provenance sold for $2.16 million at auction last month.
...While Das Kapital only Fetches $50,000
Abebooks announced their top ten rare book sales of 2011 netted $220,000+, including the $51,739 paid for an early edition of Das Kapital. So is Marx smiling or frowning in his grave?
Final Thought
Books serve to show a man that those original thoughts of his aren't very new after all.  ~Abraham Lincoln
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Past GrubStreetPrinting.com newsletters can be found at http://grubstreetnews.blogspot.com/

Tuesday, December 13, 2011

Grub Street Printing Newsletter #32, December 2011

The day after I emailed my newsletter to my clients and vendors, I got an email about the short article I posted concerning Manroland's (Germany's third largest printing press manufacturer) bankruptcy filing. As it turned out, financing was arranged the day after we reported the bankruptcy so Manroland can attempt to resize itself for the new realities facing printers in the 21st century. Manroland's presses are technological wonders; just watch the video below.
Penguin vs. Amazon, OverDrive & Libraries
Last September, Amazon announced an agreement with OverDrive, the nation's leading multichannel digital book distributor supplying over 15,000 public and school libraries with eBooks, to make all of its digital titles Kindle compatible.
Penguin Group USA immediately announced it was halting all eBook sales to libraries and will forbid libraries to make any of its titles available in the Kindle format.
Amazon Prime
The six largest publishers in America have declined to participate in Amazon Prime the subscription based lending program which allows users to download Kindle compatible books and movies. The program is also under attack by the US Authors Guild.
China Shutters Paper Mills
China is attempting to produce paper more efficiently and with less environmental impact by closing older paper and pulp mills that currently supply around 9 billion tons of stock annually. Paper plants producing less than 56,000 tons per year will be closed.
Godin's Domino Topples
Best selling author Seth Godin cut his ties with traditional publishers last year to much fanfare. He then founded the Domino Project, an Amazon imprint and “next generation publishing venture”. The project was so successful he's declaring victory and ending the project.
Manroland Bankruptcy
Manroland, makers of perhaps the fastest large format, sheet-fed presses in the world, has filed for  

bankruptcy protection in Augsburg, Germany. A still evolving 21st century print industry and frozen international credit markets have decimated sales of top-of-the-line presses.
In 2009, merger talks between Heidelberg Druckmaschinen and Manroland collapsed over concern about Heidelberg's financial stability.

Long Battery Life eReader
Qualcomm has introduced a new color eReader that uses its mirasol display technology which consumes far less battery power but refreshes as quickly as LCD displays. Korea's largest bookseller, Kyobo, introduced the new reader in Seoul priced at $300.
Random House Helps Indies
To help independent bookstores balance inventories, yet not run out of certain titles, Random House is offering “2 Day Transit” through the holiday season to ensure its titles will be available by independent sellers.
Mark Cuban Self Publishes (with a little help from his friends)
Tech-boom billionaire and owner of the NBA Dallas Mavericks, Mark Cuban has self published How to Win At the Sport of Business. Cuban bypassed the traditional publishing model, but hired a public relations firm to push the book and turned to Scott Waxman of Diversion publishing for assistance. Apparently self publishing has gone pro.

                                       Classic Revival
Soho Books is releasing new editions of the Brontes' Jane Eyre and Wuthering Heights with covers redesigned to attract modern book buyers.




Does YouTube Need a Literature Category?
While specific details are sketchy, the prospect of posting literature on YouTube sounds intriguing.
 
NaNoWriMo Typewriter Brigade
November was National Novel Writing Month, presenting an opportunity for the Typewriter Brigade to promote their belief in creativity without electricity. Their 29 page forum recaps the effort starting from late October.
Last Thought
He who lends a book is an idiot. He who returns the book is more of an idiot. Arabic Proverb 

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