In an article for The Guardian, about the Penguin merger, Gavin James Bower states:
'In any recession, the vanguard is to be found beyond the mainstream – and
risks taken by those typically seen as outsiders. Indies, as they
always do, will be seen as the risk-takers in a climate of doom and
gloom, nurturing talent and publishing books not deemed safe enough for
the panicky, profit-driven corporations.'
'Print sales are falling – down 11% in 2011, the trend continuing in 2012 – while bookshops, both specialist and chain, are closing. Borders has gone,
Waterstones is in turmoil, and independent booksellers the length and
breadth of the country are vanishing. Publishers, meanwhile, are being
squeezed by the last remnants of the High Street, struggling to make
established margins pay. Last but not least, advances are falling, the
midlist novelist looking like an endangered species and writing for a
living no longer an option for the vast majority of published let alone
I am an endangered species. Maybe that's why I am having a hard time getting a killer agent. Sigh.
Read the whole article here.