I'm a university press publisher (Duke), and I'm with the WSJ (for
maybe the only time). A lot of the public space for reviews in the
new york times -- or even in publisher's weekly -- and in chain
bookstores that was available to us through the mid-nineties is now
gone. As a much less influential publisher at that time, we had NYT
books of the year. Look at last year's books of the year list --
all trade publishers. It is a common place in the industry that for
real trade, 2% of the books make the money to support the rest --
and thus get 98% of the marketing muscle. Then there is too much at
stake with those books for ad-dependent media to ignore them. I'm
grateful to be at a non-profit where the point is how smart
someone's intervention is, rather than a place where even the okay
sellers have to sell about four times as many as the equivalent
okay sellers of 1985. Trade publishers are judged by how many of
those blockbusters they can bring in. That doesn't mean there
aren't okay sellers, but they aren't the point, the blockbusters
are.
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