Anyone following the writing and publishing blogs has certainly read about what is being dubbed "Black Wednesday", which I alluded to in yesterday's first post to some extent. Now, all of this "bloodletting" in the publishing industry sucks for anyone with literary aspirations, or even simple fondness for those odd, archaic things we like to call books. But as I was thinking today, it hit me like a tonne of cow manure...
...Bantam Dell is being swallowed!
Soon it occurred to me that as a result, something else is happening...
...Bantam Spectra is also being swallowed!
As I stopped to consider this information, it hit even harder...
...the publisher of some of my favourite new books this year, not to mention the retainer of some of my favourite authors, is about to be swallowed and possibly dismantled by its parent company!
At this point, my eyes grew wide with terror, thinking back on how peculiarly impressed I have been with this imprints' recent acquisitions. In a time where it feels like very little is moving forward in the realms of fantasy and science fiction, the editors and staff working at Spectra have really shown themselves noteworthy.
Now, no layoffs have been announced at Random House/ Doubleday/ Bantam/ Etc. other than a couple of top editors – but you've gotta' know that it's not going to stop there. Restructuring as a money-saving endeavour is always done with the intention of halving staffs; it's foolish to have two people doing the same job at the same company, after all. So what of all the Bantam Dell imprints, now? According to the New York Times, they are presently "reviewing their staffs". Hopefully, if the review goes well, and Random House's HR department has a brain, they will keep the same editors and staff on hand that have lately proliferated such impressive works.
Troublingly, my faith in corporate America (and the shenanigans of the publishing industry, in particular) is not exactly stellar.