In today’s publishing news, dragon eats serpent; writers get ripped off. In other words, business as usual. David Gaughran reports at IndieReader:

Penguin’s New Business Model: Exploiting Writers

Penguin’s parent company, Pearson, has announced the purchase of Author Solutions for $116m – news which has shocked writers, especially given Author Solutions’ long history of providing questionable services at staggering prices. [Read more…]