It was a dark and stormy night...

"Around the same time a devastating hurricane smashed and flooded its way up the East Coast, leaving millions homeless or without power, another storm collided into a professional subculture based in New York City. While the second storm is only metaphoric, the transformation of publishing could have far-reaching consequences not only for those who work on Union Square, but for readers and writers across the English-speaking world.

     As with Hurricane Sandy, it will take a little while to discern the long-term consequences of the Penguin and Random House merger, the news of which was somewhat obscured by the storm and the election. But the short-term impact is not pretty — and it follows other recent bad news from the books world. The Free Press, known primarily for smart, contentious nonfiction from Emile Durkheim and Francis Fukuyama but also the publisher of Aravind Adiga’s best-selling Indian novel The White Tiger, just collapsed. Several well-regarded editors are now out of jobs as the imprint is merged into Simon & Schuster.
     The Penguin and Random House merger would join two of the largest and most successful publishers in English. It’s likely to be completed late next year, and the new company will control more than a quarter of the global book trade.
     […]If you work in, say, journalism, or the music business, you’ve seen this kind of thing before: the erosion and then collapse of an industry, often after mergers and acquisitions announced with buzzwords – 'synergy'! – or reassurances that new ownership means that nothing significant will change because, after all, we really value the kind of work you people do. Will publishing continue to slide, gradually, or will it fall apart, like newspapers – which have lost approximately a third of their staffs since the recession and seen advertising revenue sink to 1953 levels — and record labels – where annual sales of the top-10 albums have gone from over 60 million to about 20 million in roughly a decade. Members of the creative class have been here, and it hasn’t worked out real well for them."
— Scott Timberg, Salon
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The Man With the Golden Pen

From: Beattie's Book Blog

"[...] Amazon announced Tuesday that it has purchased the North American rights to Ian Fleming's James Bond books. James Bond, of course, is the debonair British superspy 007, whose bestselling books have become an iconic big-screen movie franchise. Under the agreement, Amazon will retain republication rights for 10 years, to both the print books, which have sold 100 million copies worldwide, and the e-books, which have not. Yet. [Not true: see article below]
     The 14 Bond books that fall under the agreement are, in chronological order (American publication dates): "Casino Royale" (1953), "Live and Let Die" (1954), "Moonraker" (1955), "Diamonds Are Forever" (1956), "From Russia with Love" (1957), "Dr. No" (1958), "Goldfinger" (1959), "For your Eyes Only" (1960), "Thunderball" (1961), "The Spy Who Loved Me" (1962), "On Her Majesty's Secret Service" (1963), "You Only Live Twice" (1964), "The Man With The Golden Gun" (1965), and "Octopussy and the Living Daylights" (1966)."
— Carolyn Kellogg, Los Angeles Times
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"Ian Fleming Publications attracted attention when, in 2010, it announced it would publish the James Bond e-books directly instead of selling the digital rights to Bond print publisher. Two years later, Ian Fleming has changed its mind and sold the entire bundle of print and digital rights to Penguin competitor Vintage (part of Random House) in the UK.
     Penguin held the print rights to the James Bond novels for years, but at the time the original deal was signed digital rights weren’t on anybody’s radar. Ian Fleming Publications held onto the digital rights and published the Bond e-books in the U.S. in 2008, then in the U.K in 2010, Sarah Weinman reported at the time. She also noted, 'The estate may have some leverage because of the Bond’s popularity across many different forms of media, and most fans don’t automatically think of Penguin when they think of 007.'”
— Laura Hazard Owen, paidContent
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Buy them all (in pre-digital form) here...

Spell-cheques

From: Securitymike

"A recipe for tagliatelle with sardines and prosciutto has proved a little too spicy for Penguin Australia, after a misprint suggesting that the dish required 'salt and freshly ground black people' has left the publisher reaching for the pulping machine, rather than the pepper grinder.
It's a one-word slip that only came to light after a member of the public got in touch, and which has sent all 7,000 copies of The Pasta Bible at Penguin's warehouse to be destroyed, an exercise which head of publishing, Robert Sessions, told the Sydney Morning Herald would cost $ 20,000. — Richard Lea, Guardian
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"I apologise to anyone who bought my on-sale ebook of Baby, I'm Yours and read on pg 293: 'He stiffened for a moment but then she felt his muscles loosen as he shitted on the ground'," says [Susan] Andersen. "Shifted - he SHIFTED! I just cringe when I think of the readers who have read this. Hopefully, it's only in the iBook version that I bought, but if it's in yours as well, please let me know. I've contacted the editor and pray this will be promptly fixed. Too late for us...but for Gawd's sake." — Guardian
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