Here's a brilliant article my friend Gord sent me that, I think, presents an interesting view of what's going to happen with publishing in the next 3-5 years. Some portions of this lengthy piece are sobering and depressing but, personally, I eagerly look forward to the demise of corporate publishing, which has done more damage to high quality literature than TV, video games and the internet combined.
I strongly believe that the big media corporations that currently own publishing houses are going to start dumping them en masse; there's simply not enough of a profit margin to satisfy the guys in the expensive suits. Plus they recognize that the new technologies (POD and e-books) will further erode their monopoly of what goes into print.
Agents and editors will become increasingly superfluous too as authors take their careers into their own hands, collecting a larger share of the wealth by producing their own books. We haven't quite gotten to that point yet but it's coming.
To which I say: good riddance!
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