First Alice Munro won the Nobel, and now she has her own commemorative coin. She will be on the Canadian $5 coin, but don’t expect to spend it anytime soon. There will be only 7,500 of the coins, which will sell for $69.95 each.
Elvis Costello is calling the hefty price tag on his new box set “either a misprint or a satire” and advising fans to buy a Louis Armstrong box set or to wait until the discs included in his own box set are availble at a cheaper price “assuming that you have not already obtained them by more unconventional means.”
John Steinbeck’s son criticizes the state of Texas for invoking Of Mice and Men‘s Lennie Small, in ruling that certain mentally retarded individuals can be sentenced to the death penalty. The great-great-great granddaughter of Herman Melville wonders where her great-great-great-grandfather’s editor was when he wrote Moby Dick.
Researchers have determined that “winning a prestigious prize in the literary world seems to go hand-in-hand with a particularly sharp reduction in ratings of perceived quality.” So if you’re very sensitive, take some solace in the fact that you haven’t won a major award, I guess.
In the early eighties, when the writer James Lasdun was working in publishing, he rejected a book by a writer who turned out to be a pen name for Doris Lessing. The fallout? He couldn’t bring himself to read her work until this year. (Related: our own Mark O’Connell’s interview with Lasdun about his latest book.)
“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.