“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.
Mary Ruefle, author of the forthcoming Madness, Rack, and Honey, wrote a poetic essay on the subject of fear. It’s chock full of lines like this one about why she likes the word dread more than the word fear: “because fear, like the unconscious emotion which is one of its forms, has only the word ear inside of it, telling an animal to listen, while dread has the word read inside of it, telling us to read carefully and find the dead, who are also there.”
Ralph Waldo Emerson called him “the jingle-man.” Henry James called his work “decidedly primitive.” Yet Edgar Allan Poe, nearly two centuries after his death, is now acclaimed as a writer on par with his best contemporaries. How did his reputation evolve? In the Times Literary Supplement, Marjorie Perloff reviews a new study of Poe by Jerome McGann.