Publishers Weekly recently hosted a stimulating and smart online session about AI and publishing, thanks to the organizing and moderating skills of Peter Brantley and Thad McIlroy. The day began with a presentation by former PRH CEO Markus Dohle and ended with one by thought leader Ethan Mollick of the Wharton School, which framed the […]
Bindery Books: A Way to Restructure the Book Publishing Model
The case has been made here repeatedly over years that the business and operating model of book publishing as it has been throughout my 50+-year career is irretrievably broken. And it is increasingly obvious that this is the case across all “content” businesses — newspapers, magazines, movies, TV, and radio — and for very much […]
What the ruling against the PRH-S&S merger means for the publishing business
Judge Florence Y. Pan ruled today that the acquisition of Simon & Schuster by Penguin Random House could not go forward. The ruling was explicitly to protect the “competition” for the “anticipated top-selling books”. In other words, the big books by big authors for which only the Big Five can compete regularly (with occasional bids […]
How book publishing has changed in recent decades and the puzzling question of what comes next
My book business career (on the fringes since 1958 and pretty fully immersed since 1973) has been spent considering the path from “intellectual property creator” to “book purchaser”. This is a world occupied by authors and packagers and agents; by publishers of various sizes and capabilities coordinating the many tasks and steps from the raw […]
The sea change that comes with the latest iteration of the book ecosystem
In the past 10 years (since the mid-2000s), the ebook has arrived and the amount of shelf space for books in physical retail has declined, as book purchasing has continued to move to the Internet. This has put pressure on publishers’ distribution costs, as we discussed in a prior post. In the 10 years before […]
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