For some thirty years now, I have been following the commercial publishing industry, particularly in its various New York mutations, and trying (for commercial reasons of my own) to figure out why apparently intelligent people would do business in such cockeyed ways. I don’t pretend to have figured out the whole story, but I have pieced together a good deal of evidence, and I believe I can point out the major turnings in the road that led publishers to the pass they are in today. Rather than bore you, my 3.6 Loyal Readers, with dry details and rubbishy statistics, I shall shamelessly exploit my status as a spinner of tall tales to set forth the data under cover of a fictitious example. All names have been changed to protect the manifestly guilty; so let me introduce you to Nathan Extruded, founder and publisher of Extruded Books. [Read more…]
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