Once again, congratulations, and should God bless your home and family. One major exception: the Hachette Group, home of the Stephanie Meyers juggernaut, not only does not appear to be laying anyone off, but plans to offer bonuses to every worker in the corporate. Random House USA introduced a major reorganization, laying off employees, consolidating imprints, and axing the heads of two of its largest teams. Thomas Nelson initiated the second round of job cuts this yr, laying off fifty four workers–approximately 10% of its workforce. Still, it does really feel like Christmas anyway, regardless of the very low firecrackers decibel level this 12 months, courtesy of the road greenback worth. Still, given the ambiance of dread bred by each day reports of economic chaos, I am unable to help wondering how a lot of the rush to slash workers and expense is pushed by precise planning for the longer term, and the way much by simple fear. TeleRead stories that US wholesale e-book gross sales soared within the third quarter of 2008. Even with regular will increase over the previous few years, book sales numbers are still a tiny fraction of p-book sales numbers–however it is an fascinating development. In an article about the employees cuts, the brand new York Times notes that in keeping with Nielsen Book Scan, ebook sales are actually up slightly by way of the third quarter of 2008. Will they fall precipitously sufficient in October, November, and December to make the retrenchment frenzy look well timed somewhat than panicked?
Take a look also at this text from BBC News, dated August 11, 2008 (and listen to the video clip that accompanies it). In the event you sort “Lorna Page” into Google News, you will see articles in half a dozen languages from information sources everywhere in the world. Despite some discrepancies (a number of the information tales report that Ms. Page obtained “a big advance” for her novel; others just point out gross sales proceeds) this heartwarming tale is getting big press coverage. I believe the newspapers used both these sources and made a leap of logic, assuming that, because the house had been bought, the hoped-for proceeds have been already in hand. Has Ms. Page’s e-book, against all the percentages, sold effectively sufficient to enable her to buy a house that reportedly cost more than 300,000 pounds? Ms. Page’s guide, A Dangerous Weakness, is printed by AuthorHouse. Has AuthorHouse made an exception to its no-advance policy? As I’m sure all Writer Beware’s readers–unlike, apparently, much of the press–are aware, AuthorHouse is a self-publishing service, which not only would not pay advances, but prices a payment to publish. Average sales figures for AuthorHouse books, based mostly on AuthorHouse’s own statistics, are round one hundred fifty copies.
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