Labor Day starts a new season for most people. This is true in publishing, too. Fall releases of new books ramp up until the holiday season. Acquisition editors begin in earnest this time of year to put together their next catalog and plan for the one after that. Writers like to turn over a new leaf and recommit to their writing goals for the long winter ahead. In year three of this new era brought on by a global pandemic, publishing continues to change rapidly. The anti-trust hearings regarding the acquisition and merger of Simon & Schuster by Penguin Random House wrapped up final arguments, but the Department of Justice investigations opened up the industry for closer scrutiny. And it ain’t pretty. The case largely focused on agented authors who commanded advances over $250,000 and the question of whether fewer publishers bidding on intellectual properties diminished the size of advances. While most authors do not command such advances, the diminishing number of publishers creates a market situation in which there are so few buyers as to be a monopsony. A monopoly is when there is only a single supplier, but a monopsony is when there is only one buyer. If there are only a handful of buyers of book manuscripts, that is not a good thing for authors. The argument that new publishers are entering the marketplace didn’t hold much water with the judge in this case. The Penguin Random House attorneys argued Cindy Spiegel and Julie Grau started a…
Steven Piersanti, the President of Berrett-Koehler Publishers, recently updated his 2009 report on the publishing industry earlier this summer. Previously I posted an essay here that referenced Piersanti’s points raised in 2009 and how authors could overcome the 10 big mistakes big publishers make (February 28, 2011). Piersanti’s assessment in 2011 reflects the changes in technology and the economy in the past two years. In… [Read More]
Filed Under: Authors, Berrett-Koehler, bookstores, Borders bankruptcy, e-books, Kindle, marketing books, Publishers, Publishing industry, Steve Piersanti, Writers
1 Comment
Robert Grede’s first novel has all the makings of a rollicking good story. Based on the life of Sergeant George Van Norman, Grede’s great-great-grandfather, The Spur & The Sash seamlessly combines fiction and fact. The facts, Grede tells us, are these: “Sergeant George Van Norman, a Yankee, was wounded in one of the last battles of the American Civil War, at Nashville(December 15th and 16th,… [Read More]
Filed Under: adventure, Authors, Books, Civil War, conflict, displacement, first novel, Robert Grede, romance, sesquicentennial, travel, war
The End of Country is like many other books that have surfaced in the last five or so years on the scarcity of true wilderness and the abuse of natural resources resulting from corporate greed. Seamus McGraw’s story is frightening, even apocalyptic; after all, Nature’s resources are finite. But it needs to be told and, for many residents in Upstate New York like me, its… [Read More]
I will arise and go now, for always night and day I hear lake water lapping with low sounds by the shore; While I stand on the roadway, or on the pavements gray, I hear it in the deep heart’s core. W.B. Yeats, “The Lake Isle of Innisfree,” Last Sunday, as part of the 9th Works-In-Progress reading at Buffalo Street Books, local writer… [Read More]
Filed Under: Bill Chaisson, Buffalo Street Books, childhood, landscape, Local authors, place, poetry
Swenson Book Development, LLC works to match an author’s project with an agent or publisher. Our success in doing so makes many people wonder how we do it. Drawing back the curtain on the Wizards of Bookery, we reveal one of the methods employed in our toolkit to serve our clients’ objectives. Publisher’s Marketplace is the largest online network of publishing professionals. Our professional subscription… [Read More]