Friday, April 4, 2008

More Publishing World Shake-Ups

Apparently this is the silly season. I guess we can truly say that the winds, they are a changing.

From the Wall Street Journal (subscription required):

HarperCollins Turns Page in Publishing

Marking a radical departure from traditional book-publishing practices, HarperCollins Publishers says it will launch a new book imprint that won't accept returns from retailers and will pay little or no advances to authors.

4 comments:

Tess said...

Yeah, I heard about this on a list I'm on, from someone who actually thinks it's a good idea:
http://tinyurl.com/3tewg2

Not exactly my ideal publishing arrangement from a big house like HC.

Doubtful Muse said...

I think it's a good idea to cut returns, but advances? That worries me when I hear it from a big publisher. Considering that it's already so easy for them to leave authors twisting in the wind.

gillpolack said...

The returns thing is good, at least. (I need less bad news in my life!)

Tess said...

Yeah, fewer returns makes sense. But the no advances thing, especially when a huge company like HC is trying to cut them out does really make one wonder about the stability of publishing as a whole. Even worse when you're still trying to break in :(