Quote:
Originally Posted by pwalker8
If people can't make money on publishing books, there won't be many books published. The reality of the publishing world is that only the top 10% or so of books actually make money and basically support the ability to publish the other 90% of books. Telling publishers that they need to become non-profit or be satisfied with a modest profit just means less books for the consumers to buy.
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I'm on your side more often than not. My little point wasn't so much that publishers shouldn't make money, as that no one corporate constituency, whether stockholders or eBook fiction customers, deserves absolute priority.
If profits are plowed into advances for the 90% you mention, that's great. If used to buy back stock, or purchase author services companies, that would be another.