Lately it seems that the publishing industry is making headlines in a bigger way than usual, with the layoff of Publishers Weekly’s editor-in-chief Sara Nelson yesterday and the former publisher of Houghton Mifflin Harcourt joining Riverhead, not to mention the many other layoffs and reorganizations in the industry over the past few months.
In addition, I’ve noticed several articles on “the new publishing,” which in many cases refers to self-publishing, on which the NY Times has a cover story today. It begins, “The point may soon come when there are more people who want to write books than there are people who want to read them” — though I have long wondered whether we’re there already.
The article outlines the pros and cons of self-publishing, of which most writers are aware, and mentions one surprising fact: this month, Author Solutions (which operates iUniverse, AuthorHouse, and other vanity presses) bought Xlibris — and combined, the company represented 19,000 titles in 2008: almost six times more than Random House, the world’s largest traditional publishing house. (And keep in mind that these books did not have editors.) It’s a strange statistic.
But those in the self-publishing business know that it’s not about books but about money. Lulu’s CEO, Robert Young, admits that most of its titles are published for few other than the authors and their families. “We have easily published the largest collection of bad poetry in the history of mankind,” he told the Times.
And yet for all those niche books that will sell only a few copies, there are authors out there who know there is a larger audience for their work — and it is for these writers that I’m glad self-publishing is now easy and cheap. Today’s success story is Lisa Genova, whose first novel, “Still Alice,” was turned down or ignored by 100 literary agents. She self-published the novel for $450 and, though perseverance and fantastic luck, eventually sold it to Pocket Books for a mid-six-figure advance. It debuted on the New York Times trade paperback fiction bestseller list at number five this Sunday.