Especially when you read articles like this in The Bookseller. It’s not so much the headline: Weidenfeld returns author advances that’s bad enough, it’s the explanation that kills me:
One agent who has had clients affected said: “My conservative estimate is that they are writing off contracts in the multiples of hundreds of thousands of pounds. Partly, I suspect it is because books were bought and now they do not have the editors inhouse to champion them.“
It’s when you read that and you consider what might be going down the tubes that you realise there is a big problem in our industry.
Made sad by books not making it out the publishers door.