Word: shatzkin
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Dates: during 1982-1982
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...frantic. Only yesterday they could count on six-and seven-figure sales to paperback houses and thereby raise needed operating capital, fund new ventures and enrich writers' wallets. But Fat City is rapidly becoming as legendary as the Land of Oz. According to New York Publishing Consultant Leonard Shatzkin, author of the forthcoming analysis of U.S. publishing, In Cold Type, the times get leaner by the month: 1977 paperback-reprint rights, for example, "contributed approximately 60% of total subsidiary-rights income to publishers. That went down to 37% in 1980. I see it going down close...
...reason. We can't afford a lot of money for what might be a big book and then find out it isn't. We have to have a bottom-line profit, and we can no longer afford to keep some of the hard-cover publishing houses going." Shatzkin is less sanguine: "There will definitely be failures among the original trade publishers...
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