Publishers, enough with vapid hype

Two weeks ago, right as the collapse on Wall Street was beginning to look as if it might not have a bottom, the New York Observer published a piece on (yet again) the crisis in book publishing.

"A frost is coming to publishing," wrote the paper's publishing correspondent Leon Neyfakh. "And while the much ballyhooed death of the industry this is not, the ecosystem to which our book makers are accustomed is about to be unmistakably disrupted. At hand is the twilight of an era most did not expect to miss, but will."

Neyfakh's piece went on to suggest that, with money getting tight, publishers might start to consider only books or writers they see as sure things, and that for lesser-known talent -- the so-called mid-list authors -- "the advances are going to be lower and it will be that much harder to sell them."

Maybe so, although this is hardly a new argument; I've been listening to it for 20 years.

What's more likely, I think, is that publishers will scale back some of their higher-end advances, especially in regard to certain risky properties: books blown out of magazine stories, over-hyped first novels, multi-platform "synergies." At least, I hope that's what happens, because one of the worst trends in publishing -- in culture in general -- over the last decade or so has been its air of desperate frenzy, which far more than falling numbers tells you that an industry is in decline.

There's little doubt that the economy will affect this further, or that, even without the advent of recession, publishing is a business in crisis mode. But I see hard times as having a potential upside -- if we focus on the work itself.

Since the late 1990s, when computers began to enable publishers to track book sales to the copy, the industry has been numbers-dominated, less about the aesthetics of the language than of the spreadsheet. This is problematic, say, if you're a first novelist who gets a good-sized advance and a decent publicity push but only goes on to sell 1,000 copies of your book.

Sure, the money's nice and it's fun to go on a book tour, but what happens when you deliver the next manuscript? According to one agent I know, you almost have to hide your numbers, moving from publishing house to publishing house to stay ahead of the curve.


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