Word: backlisted
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Dates: during 1980-1989
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...this came as one more piece of bad news to U.S. publishers, already whipsawed by inflation and recession. The IRS edict made it more costly to maintain backlists, the reserve of older and usually high-quality books that sell slowly but steadily year after year. To such houses as Knopf, Random House, Houghton Mifflin, Scribner's, and Little, Brown, backlists confer a sense of tradition and continuity whose value cannot be entirely tallied in dollars. Says Knopf Editor in Chief Robert Gottlieb: "Our intent is to keep our backlist in print as long as possible and to make those...