New Research: E-Book Ownership Nearly Doubled This Year

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E-book and tablet sales jumped sharply last year, with print books in rapid decline.

New data from the Pew Research Center shows that 23 percent of people have read an e-book in the last year, compared to 16 percent two years ago. Additionally, the Los Angeles Times reports that the data shows a quarter of American adults now own a tablet like the Apple iPad or the Kindle Fire. Kindle numbers jumped from 10 percent in 2011 to 19 percent in 2012.

"It's a big deal for the publishing industry in the same way that the transition to digital news was a big deal for the newspaper business in the late '90, and the same way Napster was a big deal to the music industry in the early 2000s," said Lee Raine, director of the Pew research project.

Pew found that those most likely to have read an e-book were college-educated, earned a good living and were between the ages 30 and 49.

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