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Monday, May 5, 2008

Recession Hits Print Media

I just read several depression posts at The Write News, which evidences some downsizing in print media:
I don't think this bodes very well for anyone.


Seth Fleisher said...

And in today's news, Peter W. Olson, CEO of Random House, has been pressured to step down as a result of a steep drop in the company's profits. Ouch.

Anonymous said...

Maybe it bodes well for bloggers?


Though we might be reduced to blogging about blogs.

Anonymous said...

Aw, come on people! There's nothing to fear. (Extended simile alert!):

Books are like lipsticks -- they're what people buy to cheer themselves up when the economy's tanking. (I know that because some of the people who're still employed at the Times wrote a story about this last week). So, yes, Peter Olson should totally step down because he's obviously a terrible lipstick salesman. Maybe his people bought too many of the pink ones, when everyone really wants deep red.

Anonymous said...

Have you guys been reading Folio, PW and the like? Books are no longer recession proof. It's a problem. If our editors are worried about their jobs, we need to be worried about our writing and who will publish it.

Anonymous said...

rmellis, I think you're right. I know more people who make all or most of their writing income from blogs than from lit journals. Or from any paper journals. I think a lot of money's to be made from blogs. What we have to do is figure out how to get our stories and poems and great lit out there and not just blogging about blogs, as you say.