« a day earlier September 20, 2008
September 21, 2008
a day later » September 22, 2008

Publishing's crises (incompletely) explained

Boris Kachka's long feature on NY publishing's crisis in New York Magazine is a sad but important read. But Kachka puts a lot of emphasis on greed and foolishness and media and bookstore consolidation, while ignoring the largest contraction in book-sales since the heyday: sales through non-bookstore venues like Wal-Mart and the local grocery store.

Historically, these outlets have sold more books than bookstores, and were a vital induction system that coaxed people who didn't (yet) love books into the bookstores. When these chains went national, they demanded national distributors to stock them from coast-to-coast. The result: a huge shift in the way these shelves are stocked: once stocked by local distributors who chose from a very wide range of titles and hand-picked the right books for each little grocery store and pharmacy, now they are supplied by a national database totalling somewhere around 100 titles. The consolidated distributors demand gigantic discounts from publishers -- and even so, they go bankrupt with dismal regularity, often with FBI arrests of top execs for corruption.

So yes, there was a lot of foolishness in book-publishing, yes, some writers got stupid advances, yes, mergers and acquisitions have left many publishers without a coherent vision or command structure. But when 51 percent of your sales disappears and is replaced by a lottery system where a couple dozen titles get nationwide distribution to non-bookstore customers and everything else is pushed into a ditch, surely that must count for something.

The advances you don’t hear about have been dropping precipitously. For every Pretty Young Debut Novelist who snags that seven-figure prize, ten solid literary novelists have seen advances slashed for their third books.

Of course, back in the boom nineties, the corporations themselves were pumping up the expectations of midlist writers. Consider Dale Peck. His first novel, Martin and John, came out in 1993 to excellent reviews, and by his third book, in 1998, he was, by his own account, wildly overpaid. Books, he says, “were like Internet stocks, getting enormous advances without demonstrating any moneymaking whatsoever.” Having rarely sold more than 10,000 copies, he took up with superagent Andrew Wylie, developed a reputation for being a “diva,” and pretty soon couldn’t sell a book to save his life. Until he started specializing in genre fiction—first children’s books, then horror. Last year, Peck sold Body Surfing, a thriller about demons exiting people through sexual release. He’s now splitting $3 million with Heroes writer Tim Kring to produce a trilogy of conspiracy thrillers.

Peck sees an increasingly hostile environment for the kind of books he used to write. “When you get $100,000 for a novel,” he says, “you want $150,000 and then $200,000, so when they pay you $25,000 for the next one, and my rent is $2,500 a month, what do you do? The system works just fine for commercial fiction. But for literary fiction, I think we had a nice run of it in the commercial world.”

The End (single-page view, may expire), The End (obnoxiously split into nine separate pages) (via Beyond the Beyond)
 

Recently at Boing Boing Gadgets

jobsBrain.pngRecently at Boing Boing Gadgets, we looked at simple cellphones, complicated paperclips, and the small list of places where T-Mobile's Androidphone will get fast cellular internet.

Joel finds a replica of his teenage mobile fun bar on sale for two grand, beautiful airplane models made from trash, and kitchenware made from leaves.

John likes Shuttle's shoebox PC with a built-in LCD screen, speakers in the shape of official iPod earbuds, and a cheap 5-megapixel slide scanner from Ion Audio.

Rob picked a traditional model over the fancy Sorapot teapot, wondered about mundane Mary Worth tackling technology, preferred an even-smaller Shuttle PC, and wondered why anyone would spend $830 on a warranty for a $1200 laptop.

We posed questions. Can you deal with unpowered push mowers? Do you see much difference between all these thin 'n' light laptops? Is there irony in the notion of spending $25 buying a wallet with the words "Think Twice" printed on it?

Marvin takes a look inside Steve Jobs's Brain Slices.

 

Presidential debate fingerpuppet papercraft


Here's a free downloadable set of papercraft candidate finger-puppets so that you can stage your own presidential debates: FoldUSCandidate
 

Cybersquatters register domains for potential bank-mergers

Today in his Observer column, John Naughton takes account of the thriving practice of cybersquatting domains for potential bank-mergers:
Even as the short-selling vultures began circling Lehman Brothers, HBOS, Merrill Lynch and co, a legion of entrepreneurs began betting on domain names for hastily merged financial institutions. For example, when Barclays and Bank of America began to emerge as buyers for Lehman, names such as barclayslehman.com and bofalehman.com were promptly registered by enterprising hopefuls.

Some of these domains were being offered for sale on eBay last week. For example, www.bankofamericamerrilllynch.com was available at a starting bid of $1,500. 'With a deal between Bank of America and Merrill Lynch NOW ANNOUNCED', burbled the seller, 'this domain name will soon be incredibly popular. This is the only domain name that conveys the full picture, using the name of both firms... This is the most comprehensive and commonsensical domain name available concerning the MERGER OF BANK OF AMERICA CORP AND MERRILL LYNCH & CO.' The last time your columnist checked, however, the auction had attracted no bidders. Still - nothing ventured, nothing gained.

The proud owner of lloydstsbhbos.com, for his part, disdained eBay and simply set up a website with lots of ad links, clearly hoping to squeeze some Google juice from his property while waiting for the lawyers to call. Hope springs eternal in some breasts.

Computers are the only worthwhile asset banks have left
 
« a day earlier September 20, 2008
September 21, 2008
a day later » September 22, 2008