“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.
The editors of Apogee Journal have reserved themselves the right not to read submissions blindly. As they explain it, “Blind submissions don’t actually protect writers from the existing prejudices of editors, and they alone do not contribute to editors reading inclusively.”
Graywolf Press – the publisher behind Citizen, The Empathy Exams, The Argonauts, and On Immunity: An Inoculation – has built a reputation as “a scrappy little press that harnessed and to some extent generated a revolution in nonfiction, turning the previously unprepossessing genre of the ‘lyric essay’ into a major cultural force.” Over at Vulture, Boris Kachka writes about the history of one of the nation’s leading independent literary publishers.