Wednesday, October 31, 2012

Canada’s Book Publishers Look Ahead

Canada’s Book Publishers Are Looking Beyond Mere Survival:
Last week was a painful one for book publishing. On Monday, D&M Publishers in Vancouver filed for bankruptcy protection, laying off staff and leaving authors uncertain about their future as the company attempts a reorganization. It was a terrible blow to the industry, and if D&M does go down, this will do great harm to our culture.
Most reports about the D&M situation mention a number of other Canadian publishers who are no more, thanks to bankruptcies or financial reorganizations...That assertion was alarming for two reasons.
The first reason is that it is not true.
Independent publishing in this country is alive vigorous and vital. There are more than 100 active publisher members of the Association of Canadian Publishers...Our strength lies not in the size or the reach of any one publisher, but in the diversity and breadth of the publishers considered as a whole.
The second reason is more worrying.