What is the point of a corporate trade publisher’s existence in the 21st century?
Great editorial support. That’s it.
And the large English-language publishers are pissing their editorial departments away.
Editors have been leaving large corporate trade publishers for decades. To a large part, this was because of mergers. The new, consolidated, corporate-owned publishers laid off ‘surplus’ staff. Unfair as this was to the people who lost their jobs through no fault of their own, this didn’t harm the editorial power of the publishers as long as the editors they kept maintained a high standard. Conceivably (though I don’t believe this actually happened), reducing the number of editors could even improve quality if it solved a ‘too many cooks in the kitchen’ problem.
Recently, a bunch of editors have quit their jobs at large English-language publishers, most notably Molly McGhee, who quit because her publisher overworked and underpaid her. Here’s a summary of what happened.
Great editorial departments are the only reason to keep these large trade publishers around. Others can do everything else cheaper and/or better.
If Molly McGhee’s claims are correct, the publishers are under-investing in their editorial departments. That’s the road to failure.
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