The Los Angeles Times reports that revenue from audiobooks sales has plummeted 47% this year as a result of unemployment…not because people have less to spend (though that's part of it) but because they aren't commuting.
The fewer people who work, the fewer people who drive to work. More than half of audio customers listen in their cars, said Chris Lynch, executive vice president and publisher of Simon & Schuster Audio.
[…]"We got hit pretty badly last summer when gasoline prices were so high," Lynch says. "And then the stock market crashed in the fall and we got hit again."