You can read that article here.
There are some (including myself) who think this is a last ditch effort to save the company and is unlikely to work. It smacks more than just a little bit of desperation. And there are already several established ebook only publishers with a foothold in the growing market.
Authors who expected to have print copies of their books on bookstore shelves are scrambling to find out what this means for their future. And authors with backlist through Dorchester are scouring their contracts to discover just how meager their ebook royalty rates will be.
Something that hasn't received a lot of attention is this line, buried mid-way through the article:
"Dorchester will continue to do print copies for its book club business."Dorchester has a direct mail business similar to Harlequin and Kensington. Once a month, readers have a selection of new titles mailed directly to them. Now whether those books will remain mass markets at mass market prices remains to be seen. I'm hoping that they will, because otherwise Dorchester will be unable to keep up with the mass book club cancellations.