Posted inNonfiction, Quotes

Secrets of the Fiction Writing Economy

There were 79 degree-granting programs in creative writing in 1975; today, there are 1,269! This explosion has created a huge source of financial support for working writers, not just in the form of lecture fees, adjunctships, and temporary appointments — though these abound — but honest-to-goodness jobs: decently paid, relatively secure compared with other industries, and often even tenured. […]

Posted inEditor's Pick

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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