Yes, disturbing news (all around the country). Sadly, I don’t think we’re anywhere near the bottom. Yet. I think it will be around the end of the year, possibly beginning of next year before we hit the bottom and start climbing up again.

I initially felt excited about electronic avenues for publishing, but now I’m afraid that because of cost and the economy (recession, possibly depression), it could be all we’re left with. I don’t think paper books will ever die out completely, but the situation at home and abroad may drive publishers into a corner.

Indie pubbers, well, I don’t know anything about it. I expect just about every nook and cranny of publishing will suffer greatly this year, so I can’t imagine that they’ll be excluded.

Sobering news coming from New York. That’s for sure.

Liz