Publishing is doing great. Despite panic at the start of the lockdown, book sales were actually up during lockdown, as people turned to books to pass the time, joining online bookclubs and finding ways to support their local indie booksellers. But authorship? Not so great.
Every part of the publishing supply chain has undergone radical concentration over the past 40 years, starting with consolidation of mass-market distribution in the 1980s.
Despite the title, the majority of this article is about how traditional publishing has changed – become dominated by a few key players with the power to crush workers and authors because it’s not like they have anywhere else to go. Highlights that the problem with self-publishing is marketing (reaching readers), but the impression this article leaves me with is that it’s still, overall, the best choice.