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What Does the Book Business Look Like on the Inside?

Memories and bad math from Menaker’s life in the publishing business, excerpted from his memoir My Mistake: “We make about $3 for each hardcover sale, $1 for each paperback.” “So if we sell 10,000 hardcovers, that’s $30,000.” “Right.” “And say 10,000 paperbacks. That’s $40,000.” “Right—so the P-and-L probably won’t work. So we have to adjust […]

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