It’s hard to know what to think about the state of publishing. Every other day someone is declaring the book to be dead — and in between, there is someone rebutting the doomsday prophecies of the end of books. if you’re a new author trying to get into the book market, it’s downright anxiety inducing.
Over at The Guardian Lloyd Shepherd writes:
According to Nielsen BookScan, the publishing industry standard for book sales data, book sales are pretty healthy, with one significant proviso which I’ll come to. Ten years ago in 2001, 162m books were sold in Britain. Ten years later – a decade in which the internet bloomed, online gaming exploded, television channels proliferated, digital piracy rampaged and, latterly, recession gloomed – 229m books sold. So, a 42% increase in the number of books sold over the last 10 years.
Shepherd goes on to discuss ebooks and their purveyors — namely Barnes & Noble and Amazon:
If you’re an independent bookseller, Amazon must look like a cold, relentless stealth bomber casting its shadow over the pavement outside. But to the publisher and the writer, don’t things in Amazonia look rather different?
The Economist had a different take on it all, though:
Book publishing resembles the newspaper business in the late 1990s, or music in the early 2000s. Although revenues are fairly stable, and the traditional route is still the only way to launch a blockbuster, the climate is changing. Some of the publishers’ functions—packaging books and promoting them to shops—are becoming obsolete. Algorithms and online recommendations threaten to replace them as arbiters of quality. The tide of self-published books threatens to swamp their products. As bookshops close, they lose a crucial showcase. And they face, as the record companies did, a near-monopoly controlling digital distribution: Amazon’s grip over the e-book market is much like Apple’s control of music downloads.
So how are we to make sense of all of this? My advice: embrace change.
Is the book industry dying? No, quite the opposite. Instead there is a huge sea change afoot. Control is shifting, and the days of editors in the ivory towers of Manhattan are not long for this world. Instead, authors and readers are assuming control. Authors who have not found acceptance through traditional means, can turn to the ever-expanding list of available self-publishing tools — letting readers decide for themselves whether something is worth reading. Perhaps more importantly, it allows those same readers to speak up when a book is sub-par. Previously, bad books just ended up half-read on the bookshelves of buyers.
The truth is, acquiring editors in large publishing houses are basically flying blind. There is no real market research or data to back up any of their decisions — from the purchase to the cover art, it’s all just up to their expertise, and their whims. For every blockbuster an editor brings in, there are probably a half-dozen mid-list books and a few flops. They spend more time in meetings than they do editing, and it shows.
Digital publishing and the sale of ebooks through sites like Amazon — which collects lots of data about its shoppers — gives publishers a huge advantage. Sure, learning how to turn a profit from digital publishing entails restructuring clunky, redundant workflows and business models, but like I said, it’s time to embrace change. Rather than the death of books, publishers would be wise to look at this time in their history as the rebirth of books.
It’s pretty clear that many authors are already doing just that.







Thanks for your take on the subject, Theresa.
As always. there are so many points of view: Books are dying, but look at the copy sales!
As these things go, each point of view always seems to have some measure of truth in it.
After so much talk over the last few years about social media replacing traditional media, I am particularly amused now to hear about how important “curation” suddenly is … again.
Isn’t curation, after all, the classic role of editors and publishers? Some individual(s) looks at all that chaff out there and makes an independent, albeit subjective, decision about what’s worth it?
In techno circles, the pendulum is constantly swinging from one extreme to the other. Even in a field as old as search, we chronically go back and forth between “let the machine do it” and please, please have humans intervene.
So much hype. So little time for the calm voice of realism.
If I had to vote right now for how it’s all going to turn out, I’d have to say, six of this, half dozen of another.
But I don’t argue with your admonition that publishers should consider their options.
{In the interest of full disclosure, I should probably note that I’m Theresa’s boss.)
Curation is hot, but it’s no longer the exclusive territory of editors and publishers. My Facebook newsfeed is a curation tool — and probably more reliable than anything I could pay for. And on sites like Amazon, reader recommendations are the most reliable form of curation… Lord knows we’ve all picked up a book and said, “This editor should be fired for buying this.” But I rarely feel that way about something my friends recommend. Curation is being done by the masses and amazon knows this (that’s why it chooses best selling self-published Kindle books for its print imprints). The traditional publishers don’t always have that luxury and need to figure out how to level that playing field.