Publishing: Not In Such Bad Shape After All?

The long-awaited BookStats report has been released, leading some to immediately conclude that publishing is actually in pretty good shape – despite the doom-mongering from certain quarters (such as, I suppose, from me). In case you don’t know, BookStats is the most comprehensive survey of the US publishing industry to date, produced jointly by the Book Industry Study Group and the American Association of Publishers (AAP) – collating data from nearly 2,000 publishers, large and small. I’m not going to go into too much detail on its findings, as I haven’t actually read the report (it costs $600) and I am only working from the public summaries. (And if anyone spots any detailed analysis out there by someone who has Read More…

How To Keep An Open Mind

The publishing industry is changing at the speed of light. The massive disruption caused by the killer combination of e-books, the internet, the Kindle, and open distribution systems like Amazon have changed the business forever. Disruption on this scale is never pretty. Businesses will go under. People will lose their jobs. Many writers will struggle to adapt to change. Others will find opportunities and thrive. To ensure you are in the latter group, you must continually challenge your assumptions. As little as eight months ago, I was skeptical about the Digital Revolution. I didn’t think e-books would soon become the dominant format. I thought it would take, at the very least, a generation for print to fall out of favor. Read More…