James Patterson, the best-selling author of thrillers and romance and young adult novels, has pledged to give away $1 million of his personal fortune to independent booksellers around the country. Today, he announced the names of the dozens of booksellers who are receiving grants in the first round of his big giveaway.
The money is heading toward smaller bookstores, which are under pressure from competitors like Amazon and e-books. Patterson's own books are big sellers everywhere — he doesn't depend on small bookstores to succeed. But his giveaway is driven by a broader concern.