Stats… Industry News… and a Q4U
It’s been awhile since I added up any stats. I didn’t do them for October, so here they are, along with November’s numbers.
Total queries received in the two months combined: about 720
Pass letters sent: 358
Request for partials sent: 7
Queries unanswered in my query box: 262
Hard copy queries/proposals sent via US mail, unanswered: 82
New clients: 6
Book deals about to go up on Publishers Marketplace: 4
Next week on the blog, I’ll address the economy and the state of publishing. Today I want to give you a brief overview of things that have been happening in our industry this week, in case you’ve somehow missed it. You can Google any of these items to read more; they’ve been endlessly discussed on the web the last few days. Several things happened mid-week and people started calling it “Black Wednesday,” leading to a few references to “Grayish Thursday” yesterday. So, here’s what’s been happening lately:
→ Thomas Nelson laid off 55 people (after letting go 60 people a few months ago).
→ Simon & Schuster laid off 35 people.
→ Houghton Mifflin Harcourt announced a freeze on acquisitions and confirmed they will be eliminating some positions. The publisher of the trade division resigned.
→ Random House announced a sweeping cost-cutting reorganization and consolidation of their imprints.
→ Penguin announced a freeze on raises.
→ HarperCollins announced a delay of pay increases.
→ Last month, John Sargent, chief executive of Macmillan, said that he could not guarantee that everyone at the company would have a job going forward.
→ Scholastic eliminated approximately 110 positions through early retirement packages as part of a broad cost-cutting program this year.
→ Relevant to those of us connected with Christian publishing… and those of us in the Colorado Springs area: Focus on the Family laid off dozens of people last week, including the entire staff of their two teen magazines, Breakaway and Brio.
→ There was some good news, too. Retail sales on “Black Friday” were better than projected, and book sales were up in November compared to the same time last year.
Next week on the blog we’ll be discussing what this all means. Hint: Yes, times are tough, but books are still being published and consumers are still buying them. So don’t panic!
Tell me a joke! Yep, you heard me. In the midst of all this depressing news, we need to LAUGH. So, everyone leave your joke in the comments. My favorite one will win a prize.