“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.
Is Hanya Yanagihara’s A Little Life a Great American Gay Novel? According to Garth Greenwell, the book — which came out in March — is one of the most ambitious gay novels to come out in years. At The Atlantic, he makes a case that the book is a classic of its kind. You could also read Christopher Richards on Frank O’Hara’s lessons for gay men.