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Originally Posted by Sydney's Mom
Very interesting article and discussion. People say the cost cutting is threatening our literary tradition. Only if our literary tradition is making publishers rich. The publisher that printed that awful 50 Shades gave everyone in the company a $5000 bonus one year. The publisher shouldn't be making that much money on a book. It is the author's work.
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It's the small number of successes, though, that pay for the rather larger number of books on which the publisher makes a loss. Most books don't make back the advance that's paid to the author.