How the Publishing Industry is Evolving

This article entitled “Have We Reached the End of Book Publishing? spells out what I’ve suspected for so long and heard from some of my fellow writers — that the very nature of the way major publishers do business does not bode well for aspiring writers. Large, million-dollar advances taken on new authors spell doom for literary writers, who find their advances shrink every time a publisher makes a “new” discovery. The argument of whether or not e-book readers will kill book sales continues to resurface, and the very nature of how corporations function take their toll on editors’ morale.

The book business as we know it will not be living happily ever after. With sales stagnating, CEO heads rolling, big-name authors playing musical chairs, and Amazon looming as the new boogeyman, publishing might have to look for its future outside the corporate world.

There is no doubt in my mind that the publishing industry is fractured. Read More…




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