To my friend, Samuel L. Clemens

Mark Twain is without a doubt one of the most colorful characters of the American literary scene. Here is an episode (found in John Tebbel’s Between Covers) recounted by Twain’s publisher, Frank Nelson Doubleday, in his The Memoirs of a Publisher. I reproduce it here for your enjoyment without comment, as no comment is required.
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Courage to Publish

No doubt publishing is difficult these days. But whatever challenges you and I may face, they are not very significant compared to what Lasantha Wickrematunge faced in the violence-filled country of Sri Lanka over the last fifteen years. There he was a crusading journalist who was not afraid to expose corruption and scandal both in the government and in the opposition. On January 8 he died for his efforts.

He left behind, however, a last editorial to be published on his death. It is a testament to integrity, to humanity, to doing what is right and to looking to the welfare of others before looking out for ourselves. It is publishing with courage.

Is Kindle 2.0 on the Way?

Amazon is almost as good at creating buzz as Apple. So what will happen on February 9 when Jeff Bezos hosts a news conference in New York? If it isn’t Kindle 2.0, lots of media watchers, e-book fans and gadget hounds will be disappointed.

As Brad Stone reports in the New York Times,

The device has been out of stock since November, after Oprah Winfrey touted it on her show. The announcement seems to confirm our suspicions that the original Kindle has been obsolete since that time and that everyone who purchased the device over the holidays from Amazon.com — or put their name on a waiting list — will receive the newer version.

Wait, watch and read. Shall we feel the buzz or feel bummed?

The Apple of the Day

Back in April 2008 I mused on Steve Jobs’s leadership style (brilliant micromanager) and how Apple has benefited from that. Yet making the company so dependent on one (very talented) person has actually made the company more vulnerable.

With news that Jobs had to give up his day-to-day duties on doctor’s orders, Wall Street seems to agree. Shares of Apple have dropped about 5 percent since the word got out about his health a week ago.

Why didn’t Wall Street factor in Apple’s inordinate dependence on Jobs during the last five years’ run up in the value of Apple stock? Why do they just recognize this vulnerability now? Yes, ladies and gentlemen, the sad but shocking truth that I must now convey to you is this: Wall Street is shortsighted.

Are Book Lovers Killing Books?

Is the rise of reselling books on the internet destroying publishing? Book lover David Steitfeld thinks it might be.

The explosion of people selling used, nearly new and rare books online means readers can save money if they are willing to wait a while for a new book to make its way to these re-sellers. And it’s not just Amazon. There are over 20,000 such booksellers around.
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A Bold, Exciting Career

A woman in Indianapolis wanted to interview me. Well, it wasn’t actually even as grand as that. She wanted her kids to interview me.

She had a project for her children to interview people in different lines of work to see how they got there. What were their interests when they were the age of her kids? What steps got them from there into a line of work that really fit who they were?
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Who Needs Publishers?

What do publishers really have to offer authors? Can’t someone self-publish easily through Lulu or XLibris? Can’t they sell their books on Amazon.com? Retail stores are in decline, so who needs publishers to get their books on the shelves?

Clay Shirky asked these sorts of questions in Publishers Weekly a couple of months ago. He thought publishers were especially well suited to

1. help a book focus a conversation about important topics
2. create social capital by making something that becomes more valuable as others consume it
3. do these two things on a large scale for the long term

Shirky was amazed to hear publishers talk about abandoning these functions in favor of finding authors who already have a “platform.” If an author can already market directly to a group of potential readers, why does he or she need a publisher?

The answer, Shirky thinks, is by publishers making sure they matter to and are trusted by readers. As every publisher knows, however, readers almost never know–much less trust or distrust–publishers. Who publishes Toni Morrison or Thomas Friedman? Readers don’t know. The only people likely to know are publishers themselves.

Shirky’s three functions are good and valuable for publishers to focus on. But I don’t see how looking for authors with platform negates them. The reality is that substantial decline in retail bookstore sales minimizes a traditional channel for publishers. In a bygone era retailers (who might have known publishers) also handsold books to customers. Retailers used to be the fulcrum between publishers and customers, and that fulcrum has shifted to the author. And as I’ve said here before, authors without platform rarely do well.

What do publishers offer, then, with self-publishers offering so much and retailers offering less? Years or decades of experience in knowing how people read, how ideas are absorbed, how story and content flow most effectively, powerfully and beautifully. (In short, editors.)

What do publishers offer? Years or decades of experience in knowing what books people buy, how they hear of them, where they buy them, how they buy them, why they buy them and how much they’ll pay for them. (In short, marketers.)

And what more shall I say? I do not have time to tell about the contributions of professional book designers, print buyers, rights managers and others. (In short, more.)

Is the publishing world changing? You bet. Do publishers always know best how to deal with that? Not at all. If authors want to publish without editorial or marketing expertise, they can. Many do; some succeed, many don’t. But if authors want such help, they can find it at a publishing house.