The Book Business: An Industry of Whiners
Fixing Part of a Very Broken System
May 2007 By Denny HatchIn the News
Are Book Reviewers Out of Print?The decision in Atlanta — in which book reviews will now be overseen by one editor responsible for virtually all arts coverage — comes after a string of changes at book reviews across the country. The Los Angeles Times recently merged its once stand-alone book review into a new section combining the review with the paper’s Sunday opinion pages, effectively cutting the number of pages devoted to books to 10 from 12. Last year The San Francisco Chronicle’s book review went from six pages to four. All across the country, newspapers are cutting book sections or running more reprints of reviews from wire services or larger papers.
—Motoko Rich, The New York Times, April 2, 2007
* Book publishers whine because they are forced to eat 35% of the products they send out in the form of hugely expensive returns.
* Authors whine because publishers don’t promote their books.
* Book publishers and authors whine because newspapers do not review their books.
*Newspapers whine because book publishers are putting their advertising dollars elsewhere, so, in retaliation, they drastically cut the number of reviews they carry.
*Book critics whine because with fewer and fewer venues for their work, they are deprived of places to show off how much smarter they are than the authors whose books they review.
* Readers whine because with 200,000 new titles a year and so few reviews, they have no way of hearing about new titles or acquiring information on which titles are worth their money and time.
The problem is complicated by book critics who—with the exception of bloggers—are the most long-winded, undisciplined writers on the planet.
The Movie Review Model
Last Friday, the Weekend section of the Inquirer had a page of 31 capsule reviews of films being shown around town—movies that had received full-dress reviews in previous weeks. In addition, five new films were reviewed at length by Carrie Rickey and Steven Rea, the paper’s excellent critics.
I wanted to see a good movie—one that rated three or four stars. In under a minute, I homed in on the following:
The Hoax ***1/2 Richard Gere stars in this smart, witty tale based on a stranger-than-fiction yarn that really, truly occurred: Clifford Irving’s legendary 1971 scam in which he convinced a publisher to pay him almost $1 million for the exclusive, authorized biography of billionaire recluse Howard Hughes. 1 hr. 56 R (profanity, adult themes)—S.R.
Steven Rea had boiled down his full-length review to just 55 words, telling me everything I needed to know to make a buying decision. The $9 admission and 2-1/2 hours of my time were well-spent.
Book Reviewers: Writers who Write About Writing, Oh My!
When reviewers spend four to seven hours reading a book, they don’t want to write 55 words and give it one to four stars à la film critics.
Book critics want to express themselves by showing off how much they know. They clear their throats, roll up their sleeves, and rub their hands together in order to prove they have the credentials to critique a book. We are forced to suffer through a tiresome account of the reviewer’s intimate knowledge of the subject, the genre and opinions of the author’s previous books.
Takeaway Points to Consider:
* When a business model deteriorates—gets worse and worse for everyone concerned with no positive end in sight, as in book publishing—there are customers to be served and money to be made.* Jay Walker, founder of Priceline.com, believed in creating businesses on top of other businesses without the underlying investment. For example, Priceline.com is in the travel business, but owns no planes, rental cars or hotels. QuickieBookReviews.com will make money from the book publishing business, but will have no inventory of books, no printing presses, no warehouses and no fat advances to authors. It will ship nothing and take no returns.
* “Always try to convert a marketing disaster into a marketing opportunity.”
—Lester Wunderman
* When putting together a business plan, think through every possible source of basic and ancillary revenue.
* A successful business model is one that focuses first and foremost on continuing benefits to the customer, the customer and the customer.
* Everything else—revenue, profits and benefits to participating businesses and success—will follow naturally.
Web Sites Related to Today's Edition:
“The Conjurer” by Cordelia Biddlehttp://www.cordeliafrancesbiddle.com/
CurledUp.com
www.curledup.com
Edrants.com
www.edrants.com
BookSlut.com
www.bookslut.com
Syntax of Things
www.syntaxofthings.com



