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In abid to gain market share publishers have slashed the cost of digital textbooks

Inside Higher Ed: “New print textbooks can still cost students hundreds of dollars, but the cost of etextbooks is falling fast, according to data from etextbook distribution platforms VitalSource and RedShelf — both of which work with all major publishers. Since 2016, the average price of etextbooks on VitalSource has fallen by 31 percent, from $56.36 in 2016 to $38.65 in 2018. Some areas, such as mathematics, have seen more drastic change, said VitalSource. In 2016, the average math etextbook cost $79. Now it’s $39 — a decrease of almost 50 percent. RedShelf confirmed a similar price drop. In 2015, the average etextbook cost $53.11, the company said. Now it’s $39.24. Mike Hale, VitalSource vice president of education for North America, described the price change as “dramatic.” Since January 2016, prices have fallen every month, he said. “Prices on textbooks were, everybody agrees, way too high,” said Hale. “Publishers have finally responded with pricing that is rational.” Tom Scotty, chief operating officer at RedShelf, said the reason the publishers were dropping prices was to capture market share…”

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