http://welcome-to-pottersville.blogspot.com/2007/07/bigger-wealthier-pottersville.html ....a study conducted a year ago (31 page .PDF file) by Alan Sorenson of Stanford University... found that 70% of fiction sales in 1994 were generated by a mere five authors. That’s a statistic that ought to startle even people like me who are up on publishing trends... when publishers merge (such as that of Bantam Doubleday Dell) and then merge again with media conglomerates (such as the German giant Bertelsmann, which did acquire Bantam Doubleday Dell through their, or its, parent company Random House in 1998), authors either ambered in mid-list or those like me trying to break in suffer. So does the reader.
The reason? The larger the merger/acquisition, the greater the emphasis on the bottom line. Readers are both given a tighter choice of titles and a faster-closing window of opportunity to discover those non-hyped alternatives. Here’s a heartless reality- New and mid-list authors, already a vanishing breed due to the simultaneously inimical practice of conglomeration and downsizing, have literally 3-4 weeks to hit the ground running...
The larger publishers, typically, will earmark about 3% of their net profit for publicity and advertising. But when 70% of all fiction sales are generated by a number of authors whom you can count on one hand, the trend, obviously, is to devote the lion’s share of your advertising budget to those who already enjoy household name recognition. This is one of the most insidious examples that I've ever seen of a self-fulfilling prophecy....
Publishing, it can be said, is among the most Republican of businesses. It’s heartless, self-interested and self-dealing and hands-off. And if the venture fails, well, it’s your fault.
Publishing. Is. A. Business. Period.
And please dispense with any pretensions to America having a national fucking culture. We have no culture except for the counterculture which is the culture that’s had to seek refuge from that which replaced said culture: Crass commercial consumerism. Let’s face facts, people: We’re a nation that puts more thought into the refrigerated, illuminated cup holders that will accommodate our super-sized Pepsis bought at Burger King or wide-mouth beer cans than we do over what book we’ll read next. We votes tens of times more for American Idol wannabes than the politicians who would largely shape whatever small pretensions to culture to which we still cling.... Pottermania established a sense of community, of belonging, which is exactly what modern day bookstores have gone out of their way to not be ever since they were taken over and bloated by corporate executives who couldn’t give a shit if they’re selling books or toilet paper. Bookstores used to be part of your community before they became cash-generating temples. They, too, have gone the way of Max Perkins and his avuncular advice to authors.