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Thursday, 3rd December 2009

Future of Book Publishing is Unknowable

From the Article:

Steve Wasserman, the former Los Angeles Times book editor who is now an agent and book editor at Truthdig, gave a keynote address in Guadalajara in which he said predicting the future of BOOK publishing is impossible.

[Snip]

The predicament facing the publishing industry is best understood against the backdrop of several overlapping and contending crises: the first is the general challenge confronting publishers of adapting to the new digital and electronic technologies that are increasingly rendering traditional methods of production and distribution obsolete, and undercutting profit margins; the second is the profound structural transformation roiling the entire book-publishing and book-selling industry in the age of conglomeration and digitization; and the third and most troubling crisis is the sea change in the culture of literacy itself, the degree to which our overwhelmingly fast and visually furious culture renders serious reading increasingly irrelevant, hollowing out habits of attention indispensable for absorbing long-form narrative and the following of sustained argument....

Source: LA Observed


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