“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.
Recommended Reading: Oliver Burkeman on a new group of optimistic thinkers.
Looking for a new literary podcast to fill your downtime? David Naimon’s “Between the Covers” author interview series may do the trick. The series, which appears regularly on Portland, Oregon’s KBOO 90.7 FM, is available for free on iTunes. Past guests have included Karen Russell, George Saunders, China Miéville and Junot Díaz. Forthcoming episodes will feature the likes of NoViolet Bulawayo and Jami Attenberg.