Raab is on crack

Seriously:

[E]ven with charging only 99 cents for some books, [author Stephanie] Bond says she made more than half a million dollars in the last year. . . .

“When you price a book at 99 cents, $1.99, I personally think it devalues the author’s time and effort,” said Jamie Raab, the chief of Grand Central Publishing, part of Hachette books.

Let's look at that again!

[E]ven with charging only 99 cents for some books, [author Stephanie] Bond says she made more than half a million dollars in the last year. . . .

“When you price a book at 99 cents, $1.99, I personally think it devalues the author’s time and effort,” said Jamie Raab, the chief of Grand Central Publishing, part of Hachette books.

Well, Bond sure enough has been told! I bet she'll go scampering back to traditional publishing in no time flat!