The headline almost seems redundant. Getting published (through traditional media, anyway) has always been an uphill battle. And now--ouch!--Houghton Mifflin Harcourt has placed a moratorium on acquiring more books.
According to Josef Blumenfeld, vice president of communications for HMH, this is just a temporary thing, "not an indicator of the end of literature." Nonetheless, one agent called the move "very scary" and said it indicated the industry has reached a low he's never seen before. And he's not the only one feeling scared.
Big publishers are also having trouble putting out magazines. Some publishers are rolling with the punches brought by the drop in print ad revenue, taking their publications online. Others--just throwing in the towel. With so many magazines folding, Simon Dumenco poses these questions to publishers: Are you in or are you out? Do you still believe in the very act, the very business, of publishing? One does have to wonder.
And, meanwhile, on the screenwriting front . . . WTF?
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