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Originally Posted by stonetools
I think the likelihood is that the BPHs will simply cut back on expenses. ...
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Sounds good to me. They should be cutting unnecessary expenses to keep costs down.
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... Its a lot easier to save money by simplying cutting staff and by reducing advances to authors. ...
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Again, sounds good. Cut the fat. And if advances are so risky, be a little smarter about them.
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... Also you don't develop new authors ( risky and expensive)...
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That's fine. If they don't want to develop new authors, the good ones will "develop" some other way.
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... and you don't greenlight expensive non-fiction projects (same).
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Excellent! I don't want pay for what I don't get. When I go to McDonald's, I don't want to pay more so someone else can eat steak.