It's been a particularly rough week in the Publishing world. Random House, Simon & Schuster, Thomas Nelson and Houghton Mifflin Harcourt have all announced that they are reacting to the tough economy. Simon & Schuster, Houghton Mifflin Harcourt and Thomas Nelson are laying off. Random House is reorganizing. And even Penguin and Harper Collins have been affected. It's that damned trickle down effect that the economist talk about. Higher production costs, less expendable income and a truly rough economic forecast have everyone worried.

But according to Nathan Branford, an agent at Curtis Brown Ltd. ( , the reports are not all bad. Some of the publishing houses are doing okay and those that are looking to the future and possible new venues are betting on coming out the other end of this recession looking good.

So, where as authors do we stand with this kind of news? Pretty much the same. It's my guess that the publishing houses are going to be a lot more selective about what they put in print and their budding authors may not get hugely fantastic advances... but the advice is still the same that it's always been. Write a damned good book and it will sell...


Morgan Mandel said...

I wonder if they'll they cut the advances for Sandra Brown, Mary Higgins Clark, Nora Roberts and Danielle Steel and such.

Morgan Mandel

Teagan Oliver said...

Somehow, I don't see them cutting their advances, but I do see them evaluating their risks a lot harsher. It's going to take something truly spectacular to get a book across their threshholds now I'm afraid.

Morgan Mandel said...

Hi Teagan,
I got one of those blog awards and the opportunity to name 6 more bloggers to receive them. You're one of them. Check it out at

Morgan Mandel

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