Tuesday Links

“Bertelsmann’s 7% decline in 2016 revenue was due entirely to a drop in sales at Penguin Random House. The lack of a big new bestseller hurt results at the company, and it divested some smaller divisions in the year.” For those interested in inside baseball, Publishers Weekly takes a look at how the world's 50 largest publishers are faring. (TL;dr: Although their total revenue topped $50 billion, more than half of the list's publishers reported sales declines – oh, and Harry Potter still really, really sells). As a counterpoint to all that capitalism, read our own Edan Lepucki's survey of self-published authors.

J. M. Coetzee has published The Good Story: Exchanges on Truth, Fiction and Psychotherapy with psychologist Arabella Kurtz, which details the five-year correspondence between the two. The letters offer “a rare opportunity to understand the mind of a writer who almost never speaks at length in his own voice.” For more of the Nobel laureate, read our review of The Childhood of Jesus.

On Wednesday, the BBC Radio 4 program Four Thought broadcasted an essay by our own Mark O’Connell that lays out a novel argument: we should embrace the value of ambivalence. (We’re not sure how to feel about that.)