From Publishers Weekly:
It was week four of coronavirus shelter-in-place. Going on 2 p.m.; I’m at my desk at home, answering emails, filtering submissions, contemplating a forthcoming edit. But wait, what’s that sound? Oh, right, it’s my stomach growling. I’m hungry. Must be time for a can of that chicken noodle soup I’ve been hoarding.
What a difference a couple of weeks makes. Before the lockdown orders came down in New York City, no self-respecting publishing person could forget about lunch. We all knew the drill. At 12:30 or 1 p.m.—occasionally as early as 12:15 or as late as 1:15—the office exodus would begin. We’d gather our coats and bags and wits and head out to meet with agents and authors at restaurants where reservations had been scheduled two, three, six, or eight weeks in advance. The mission: start or continue relationships that might lead to new submissions from said agents and authors, which in turn would lead to new acquisitions to be announced at future in-house editorial meetings.
While we might have shared sushi at Nobu, everybody knew lunch wasn’t really about food. No, it was about gossip, shop talk, and bringing brand new projects to fruition. Lunch, in other words, literally meant business.
So it should come as no surprise that among the questions, and there were many, that a lot of us asked when this whole work-from-home thing started was what would happen to the publishing lunch.
. . . .
We have now had 10 weeks of sheltering in place, and I am happy to report that while I haven’t met anyone in a restaurant for what feels like forever, I, and most of my colleagues, are still making and publishing books and signing up titles for forthcoming seasons. I’m on the phone constantly, checking in with agents and authors about how they’re doing with kids at home and a bunch of new worries—but also about the projects they’re shepherding. I’ve been in a couple of major auctions and have won and lost several books, both fiction and non.
Will those books “work”? Who knows? Determining what the future reading world will embrace… well, that’s been a problem endemic to our industry forever; we’ve asked the question before (most recently during the 2008 recession, and before that after 9/11) and we’ve always survived. Sorry to paraphrase the over-paraphrased Mark Twain, but despite bookstore consolidation, the rise of e-books and audiobooks, and the explosion of interest in streaming TV, publishing’s death has been greatly exaggerated—many times. So what if now we’re talking books over Zoom, or WhatsApp, or maybe just in a plain old-fashioned phone call instead of across a two-top? We’re still publishing.
Link to the rest at Publishers Weekly
While PG believes and ardently hopes there will always be an England, he can’t say the same thing about the traditional publishing business.
There will always be books, albeit in evolving forms, and books require authors (AI is lurking, but PG needs a bit more convincing that AI is capable of creating good fiction.) but printers used to do much of what publishers do today.
Publishers are an example of a classic middleman (or middleperson if you prefer, agents are as well) receiving products created by somebody else and funneling them to the organization or person who will actually sell those books to readers.
PG concedes that editors (whether they are called agents or not) can and do add value to the end product. However, this function can be outsourced to nice people working from their home office in Kansas where (for the benefit of those New Yorkers who have never visited), the costs of a comfortable life are much, much lower than on that skinny island hanging off the eastern part of the United States. The restaurants may be of a different type than Manhattan’s were before the plague, but with all the newly rich indie Kansas authors, Nobu may find greener pastures in Wichita.
If authors and booksellers (online or off) can work without the middlepersons, they both will probably make more money from their respective businesses.
From whatever New York restaurants survive the current disruption, the decline and fall of traditional publishing may cause an occasional tear to be shed, but there will be more-prosperous authors and booksellers who may make up the difference.