Grim Times Ahead for Publishing?
I chatted with an author the other day who mentioned how grateful she was to be at a certain point in her career given the economy. Looking at the news this morning, I am thinking she might be doubly grateful. According to the New York Observer, publishing is tightening its belt and if you don’t already have an in, you are going to be SOL:
“Only the most established agents will be able to convince publishers to take a chance on an unknown novelist or a historian whose chosen topic does not have the backing of a news peg,” predicted Leon Neyfakh, his story backed-up by a number of industry insiders. “Authors without ‘platforms’ will have a more difficult time finding agents willing to represent them.”
Will this effect romance? It’s hard to say. I know that there have been rumors that big publishing houses have been overpaying for books, even in romance, and now are suffering because of it.