“It’s the only thing I’m thinking about recently, so I’m going to go ahead and kill the elephant. Let’s talk a little bit about what happened in October.
You’ve heard about the massive layoffs at Doubleday; you’ve heard about Harper’s terrible state of profit, BNN’s worst quarter and projected year ever, and the closing of Impetus, an indie press (which, as I’ll explain below, I don’t think was Impetus’s fault even vaguely). Yes, there’s a crisis. However. Anyone who wants to talk about “the death of publishing” can leave the room. I’m at the beginning of my career and I plan on being an editor for a long time; a lot of you are yet-to-be-published authors and I’m sure you’re equally intent on not seeing book publishing fold (not that it’s going to; that’s ridiculous). So instead I want to talk about what’s actually causing the problem–it might help us come up with solutions for protecting what’s important to us.”
(via Editorial Ass. Thanks SP!)