death of the publishing industry
The economic news couldn’t be worse for the book industry. Now insiders are asking how literature will survive.
The end of days is here for the publishing industry — or it sure seems like it. On Dec. 3, now known as “Black Wednesday,” several major American publishers were dramatically downsized, leaving many celebrated editors and their colleagues jobless. …
Salon – Read it and weep
It’s bad.
But I’m not all that sympathetic.
Traditional book publishers are as almost as bad as music publishers, relying on a “star” system rather than allowing fair access for new talent.
If Houghton Mifflin, Simon & Schuster, Random House and Macmillan all go bankrupt, something different — and better — will rise from the ashes. They’ve been terribly slow to innovate.
Where are the audio books? Ebooks? New technologies to encourage younguns to read?
Onion – larger version
