Word: editoral
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Dates: during 1980-1989
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...takeover of Macmillan by British publishing magnate Robert Maxwell ($2.7 billion). As early as 1987, Warner Books chairman William Sarnoff quipped at the booksellers' convention in Washington that soon "we'll all just meet at the office of the lone remaining publisher." At this point, according to James Milliot, editor of the industry newsletter BP Report, the top six publishing houses reap 60% of all adult-book revenues, in contrast...
With these tectonic shifts, the business has abandoned its pretenses of collegiality and moved closer in structure and style to Hollywood, where an oligarchy of half a dozen companies hustles for hits. Says Michael Korda, editor in chief of Simon & Schuster and a best-selling novelist himself, on the subject of big advances: "It's like stars in the movie business. If you want Cher for your movie, by God, you've got to pay Cher...
...many editors, a major concern is that the chain-bookstore outlets, which give little space on their increasingly crowded shelves to titles without mass appeal, will eventually reduce the publishing industry's incentive to bring out worthy books if they don't seem headed for the best-seller lists. Random House editor Jason Epstein, for one, has undertaken on his own to produce a bookstore in the form of a mail-order catalog that will contain about 200 categories of books and more than 40,000 titles, each accompanied by a short explanation. The $24.95 catalog, the size...
...that began to change when he enrolled at Andover. His parents stopped hiding the strength of their feelings about Palestine, and Tarazi grew more sensitive to comments like a reference to Arafat's "dishrag headdress" in a letter to the editor of his school paper...
...Editor-in-chief of his high school newspaper, Lee is also a pianist--he's played for 12 years and regrets not having the time to be more musically involved at college. But his passion for campus politics did not emerge until he came to Harvard...