“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.
We all spend way too much time in airports this time of year, but Brad Leithauser searched for a metaphor about his journeys through BWI. As he writes for The New Yorker, “There was a piquant pleasure on the night when I first put these two experiences—morning churchgoing, evening airport-going—side by side. I’d been idly and only semi-consciously asking myself what these nocturnal intervals at B.W.I. reminded me of, and now, suddenly, I’d located my metaphor.”
In an article for Vanity Fair, Meredith Turtis argues that “perhaps fiction… can change the place women have in history,” by giving forgotten figures new lives as characters with fascinating stories to tell. She cites Paula McClain‘s just-released Circling the Sun, about a trailblazing female aviator, and Megan Mayhew Bergman‘s Almost Famous Women, which could have been included based on the title alone. Her argument pairs well with our own Hannah Gersen‘s review of Jami Attenberg‘s Saint Mazie, a novel that fictionalizes the life and voice of a very real “Bowery celebrity.”
Edvard Munch’s The Scream recently garnered a record breaking $119.9 million at Sotheby’s in New York. Despite the “tasty narrative potential” of the iconic artwork, the Pulitizer Prize winning art critic Holland Cotter thinks that the painting’s new owner spent their vast sum of money unwisely.