The news that Tesco may close its ebook selling service (see FT article below), coming after the report that Waterstones has experienced much more growth in physical books than digital book sales recently ( is interesting. The Tesco move is part of its continuing return back to basics following its issues over the last year. Its foray into digital media some four years ago (the Blinkbox films and TV service, then music and ebooks) has been put into reverse with the sale of the film and TV business to TalkTalk, and the music business to Guvera. The ebooks business has not found a buyer, which is a pity. Amid the consolidation and change that is going on in the telecoms market, with a shift towards bundling of mobile phone/fixed line phone/broadband/tv, it is not surprising that the Blinkbox film and TV business has found a home. The books market seems to be different. Surely ebooks are here to stay, but the different formats of books fulfil different functions: something to read, or a display item? We still seem to be settling down on that (and part of it is perhaps that we may no longer be buying specific ebook readers, but just viewing them on a tablet). Overall though, the pace of change in corporate strategy seems still to be speeding up as a result of these changes in technology.