On Opportunity

February 17th, 2009 · No Comments
by Kassia Krozser

Coffee House Press’s Allan Kornblum, as part of a great interview with Scott Esposito, starts the conversation about publishing in a recession like this:

When you throw the internet, DVDs, and other forms of entertainment into the mix, major publishers were having difficulty sustaining their business model even before the recession hit. Now with Borders on the brink, and former readers becoming would-be writers and self-publishing books instead of reading books, a major shake-up was inevitable. Where it’s going to end is anybody’s guess. But publishing isn’t going to return 20% or even 15% on the dollar—it never has in the past, and I don’t think it will in the future. I think all these changes that are making things difficult for the major houses provide an opening for smaller publishers. It remains to be seen how it will all play out, however.

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