A quick look at the business model can tell us the future of publishing as seen by the people who drive 25% of it today. Why are they doing this? The recent decision by Pearson (PSON.LN) and Bertelsmann to spin-off their traditional book publishing businesses, Penguin and Random House respectively, has less to do with […]
Whither the Big 6?
Fifteen years ago, the steps to becoming a published fiction author were clear: publish short stories, write a novel, brag about the shorts to an agent, the agent acts as an editor getting your manuscript publisher-ready. Then you let the agent drag the novel to all the major publishing houses in NYC. If a publisher […]