The End of Days for Publishers
At Salon Books, Jason Boog reports on a publishing industry slowdown that will affect all writers for years to come:
Houghton Mifflin Harcourt have announced an unprecedented buying freeze on new manuscripts. Among the employee layoffs was the distinguished editor Drenka Willen, whose list of authors included Günter Grass, Octavio Paz and José Saramago.
Simon & Schuster laid off 35 employees, and a companywide memo from Random House’s CEO announced the dissolution of Doubleday and Bantam Dell.
The Christian publishing company Thomas Nelson also announced 54 layoffs.
Macmillan laid off 64 employees.
The piece in Salon then goes on to consider what needs to be done, looking again at the ebook revolution and the continuing importance of the blog.