Fear and Loathing in the Book Industry

It doesn't matter if you are a local plumbing company or a major record label, you are undergoing digitization in your industry. Understandably, a good dose of anxiety is accompanying this change. Will your new websites, blogs and digital products be worth the investment? What are the new standards? How necessary is digitization for you? Typically alongside this fear is enthusiasm and opportunity. The new media offer tremendous possibilities for both corporate and independent companies, but the publishing industry seems to have skipped the possibilities section of this brave new digital world.

The literary press holds its breath at every single development or upset. Whether it's Amazon throwing around its monopolistic weight or an indie press subverting the standard book release process, the industry watches with apprehension, fear and even anger. Many publishers do not have a level of digital fluency. E-books, blogs and twitter accounts are seen as an impending giant casting a shadow over their once peaceful village.

Their anxiety is making them resistant to changes that, for better and worse, are not able to be stopped. To quote the iconic Richard Nash:

The publishing business is not in trouble because there's no demand for books. It is in trouble because there are changes afoot in how best to satisfy the demand, changes to which there are suitable responses, two of which are fostering fan culture and generating a sense of occasion, and the leaders of the largest publishing organizations are failing in their professional responsibility to implement these responses. By reducing their participation in BEA at the same time the media participation has increased by almost 50%, by refusing to open the Fair to the readers on Sunday, these CEOs have effectively thrown in the towel. They are managing the demise of the book business, pointing fingers at any generic social forces they can find, failing to see the one place the responsibility can be found, their own damn offices.

Many publishers are becoming their own worst enemy. Absolutely, risk is implicit in experimentation, but risk, at least, offers a chance for success as well as for failure. Standing still is suicide.

In this interview, Don Linn offers thoughtful and sane advice for publishers. Start educating yourselves, start experimenting with the less expensive new media forms. Get in the game or you will get left behind.