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The economic death of the author

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Substacker Elle Griffin plowed through the transcripts of the Penguin Random House/Simon & Schuster projected merger antitrust trial, which somebody published in book form (ironic), and extracted a lot of stats.

Here’s the general picture:

(1) The overwhelming majority of books published by major publishing houses generate little or no money for anyone, and in particular their authors.

(2) Relatedly, books that sell more than [incredibly depressing number] copies are very rare. The DOJ collected data on more than 58,000 titles published in a year, and found that 90% sold less than 2,000 copies, and that the median number of sales was . . . twelve.

(3) The overwhelming bulk of book sales come from three classes of writers (or “writers”): celebrities, franchise authors (Stephen King, John Grisham, Colleen Hoover etc.,) and the backlist, that is, The Lord of the Rings, The Very Hungry Caterpillar, the Bible, etc. If you’re not an author who is already in one of these three categories, your chances of making a living by publishing books are infinitesimal.

(4) The big publishing houses now spend almost all their money on a tiny number of gigantic advances. Even authors who get these get almost no money spent on publicity efforts by their publishers, because the giant advances go to people with a million TikTok followers (see point #3).

(5) The Obamas sell so many books that they had to be taken out of the data analysis as distorting outliers.

(6) If/when book publishing goes to a Netflix/Spotify subscription model, where you pay $10 a month to read as many books as you want, traditional publishing will be destroyed, since 20% of book buyers spend 80% of the money spent on books (this is the ratio for basically everything in the universe, as I believe Pareto or some other annoying economist pointed out).

(7) It’s not unusual for a celebrity author to get a million dollar advance and then put their name on a book that doesn’t sell any copies. Big publishing is a boom or bust/lottery ticket/VC investment model, which is increasingly untenable. (Funny not like a clown side note: Marie Kondo published a book on how to keep your office tidy. In March 2020).

Parallels with the contemporary music industry are obvious and dire.

The post The economic death of the author appeared first on Lawyers, Guns & Money.

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fxer
8 hours ago
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Bend, Oregon
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Pop

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The post Pop appeared first on The Perry Bible Fellowship.

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fxer
2 days ago
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Typical ginger behavior
Bend, Oregon
rraszews
1 day ago
Sadly, a lot of kids face violence at home when they come out as beer.
dreadhead
2 days ago
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Vancouver Island, Canada
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Haiku Stairs: Hawaii attraction to be removed following bad tourist behavior | CNN

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A picturesque staircase leading to a Hawaiian beauty spot is being torn down as tourists continued to access the off-limits site.

The Haiku Stairs, an Oahu landmark often called the Stairway to Heaven, will be removed from the end of April, according to a press release from the Honolulu city government.

“I can promise you that this was not a capricious decision,” Mayor Rick Blangiardi said in a statement.

Issues with the stairs – which were built during World War II by the US Navy and have been officially closed to the public since 1987 – have multiplied in the age of social media.

The Haiku Stairs are comprised of 3,922 steps twisting through a 2,800 foot mountain trail in Kaneohe in eastern Oahu.

Despite the dangerous terrain, YouTubers, TikTokers, thrill-seekers and other tourists continued to access the stairs.

“Due to rampant illegal trespassing, Haiku Stairs is a significant liability and expense for the city, and impacts the quality of life for nearby residents,” Honolulu City Council member Esther Kiaʻāina told CNN affiliate Hawaii News Now.

The council voted unanimously to remove the stairs in 2021. Work will take at least six months and cost $2.5 million, according to the mayor’s office.

“This decision that was made was predicated upon our respect for the people who live in and around the entrance to the stairs, our respect for our ʻāina [land and sea], and our respect for both the future and the past history of the culture of the Haʻikū community,” added Mayor Blangiardi.

According to a release, a range of factors influenced the decision. The stair removal “prioritizes public safety, seeks to stop illegal trespassing on the stairs and nearby neighbors who have dealt with decades of disruptions and disturbances, addresses significant liability for the city, preserves the natural beauty and condition of the area and improves the quality of life for neighborhood residents in the area.”

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fxer
3 days ago
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Bend, Oregon
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Perfect for Festivus gatherings

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Screencap of a Facebook marketplace listing for a pulpit (looks amazing) in a Twitter post saying "Time to absolutely revolutionize my living room."

"I got a lotta problems with you people!"

https://twitter.com/benpartr...
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fxer
3 days ago
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And the Lord did grin. And the people did feast upon the lambs, and sloths, and carp, and anchovies, and orangutans, and breakfast cereals, and fruit bats…
Bend, Oregon
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JURASSIC PARK (1993) Dir. Steven Spielberg

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stydixa:

JURASSIC PARK (1993) Dir. Steven Spielberg

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fxer
3 days ago
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Second harvest
Bend, Oregon
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Trying to get in on the Intellectual Dark Web grift

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When Uri Berliner filed his “the problem with NPR is LIBERAL BIAS” blog in the Bari Press, it was pretty clear he was going to follow the “I will quit because you won’t fire me” path blazed by the editor. Conveniently, he makes clear that he’s full of shit very quickly:

Like many unfortunate things, the rise of advocacy took off with Donald Trump. As in many newsrooms, his election in 2016 was greeted at NPR with a mixture of disbelief, anger, and despair. (Just to note, I eagerly voted against Trump twice but felt we were obliged to cover him fairly.) But what began as tough, straightforward coverage of a belligerent, truth-impaired president veered toward efforts to damage or topple Trump’s presidency. 

Persistent rumors that the Trump campaign colluded with Russia over the election became the catnip that drove reporting. At NPR, we hitched our wagon to Trump’s most visible antagonist, Representative Adam Schiff. 

Schiff, who was the top Democrat on the House Intelligence Committee, became NPR’s guiding hand, its ever-present muse. By my count, NPR hosts interviewed Schiff 25 times about Trump and Russia. During many of those conversations, Schiff alluded to purported evidence of collusion. The Schiff talking points became the drumbeat of NPR news reports.

But when the Mueller report found no credible evidence of collusion, NPR’s coverage was notably sparse. Russiagate quietly faded from our programming. 

It is one thing to swing and miss on a major story. Unfortunately, it happens. You follow the wrong leads, you get misled by sources you trusted, you’re emotionally invested in a narrative, and bits of circumstantial evidence never add up. It’s bad to blow a big story.

There’s nothing like media criticism by someone who is eager to announce that he has no idea what he’s talking about. By “Mueller Report” what he clearly means is “Bill Barr’s dishonest partisan summary of the Mueller Report” — and of course he completely ignores the even more extensive evidence of collision between the Trump campaign and Russia. NPR dropping the story proves the precise opposite of what he thinks, leading to this huge swing and miss. As usual, radical centrist complaints about “liberal bias” boil down to complaints that the media won’t uncritically repeat Republican talking points that are treated as conventional wisdom by under-informed people.

To anybody who was still listening to NPR during the 2016 campaign, the idea that it was dominated by “liberal bias” is absolutely laughable. Above all else, as Alicia Montgomery explains in a vastly better piece that will get a fraction of the attention, NPR has long been dominated by the those of BothSidesism, which in practice means bending over backward to placate conservative listeners:

It did take a kind of courage for Uri to publicly criticize the organization. But it also took a lot of the wrong type of nerve. His argument is a demonstration of contemporary journalism at its worst, in which inconvenient facts and obvious questions were ignored, and the facts that could be shaped to serve the preferred argument were inflated in importance.

Take a step into the way-back machine to 2011, Uri’s so-called golden age. That’s the year when senior members of the development team fell for a scam set up by professional provocateur James O’Keefe. The aftermath took them out and toppled then–CEO and President Vivian Schiller. It came months after the ill-timed, clumsy firing of Juan Williams, which led to senior vice president of news Ellen Weiss resigning under pressure.

Uri also leapfrogs over a long list of contemporary fuckups and questionable calls that could explain the growing public distrust that concerns him. There were questions about NPR legal affairs correspondent Nina Totenberg’s personal relationship with Ruth Bader Ginsburg compromising her reporting; the departure of news chief Mike Oreskes, and other prominent men in the newsroom‚ after a wave of sexual harassment charges; the exposure of systematic exploitation of NPR’s temporary workforce. And those are just the public problems.

Behind the scenes and stretching back into the “golden age,” there were major strategic errors that seriously damaged the network’s prospects. The founding producer of The Daily at the New York Times was Theo Balcomb, a senior producer at All Things Considered who couldn’t get enough support to launch a morning news podcast inside NPR. There was the “Flat is the new growth” mantra that reigned for a few years after the network decided that a multimedia future meant shrugging off softness in listener numbers for core shows. Then there was the time in the late aughts when leadership decided that podcasting wasn’t going to amount to much, and so pumped the brakes on early efforts. Though the failure of imagination started earlier; the first big blunder I saw was in the late 1990s, when the network failed to lock in a deal with a little show called This American Life.

Uri’s account of the deliberate effort to undermine Trump up to and after his election is also bewilderingly incomplete, inaccurate, and skewed. For most of 2016, many NPR journalists warned newsroom leadership that we weren’t taking Trump and the possibility of his winning seriously enough. But top editors dismissed the chance of a Trump win repeatedly, declaring that Americans would be revolted by this or that outrageous thing he’d said or done. I remember one editorial meeting where a white newsroom leader said that Trump’s strong poll numbers wouldn’t survive his being exposed as a racist. When a journalist of color asked whether his numbers could be rising because of his racism, the comment was met with silence. In another meeting, I and a couple of other editorial leaders were encouraged to make sure that any coverage of a Trump lie was matched with a story about a lie from Hillary Clinton. Another colleague asked what to do if one candidate just lied more than the other. Another silent response.

Berliner’s willful cluelessness involves ignoring both the many fake or overblown Clinton scandals that dominated 2016 coverage while also claiming that a real scandal involving Trump is fake. It’s a good application for the Bari gravy train, although how much is left in the boat at this late date is questionable — there are so many of these people who want the most they can possibly get for the least they can possibly do.

The post Trying to get in on the Intellectual Dark Web grift appeared first on Lawyers, Guns & Money.

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fxer
4 days ago
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> If you're trying to climb aboard Bari's big white grievance train, it's worth noting that the train is EXTREMELY full at this juncture and there may not be a lot of money in it for latecomers
Bend, Oregon
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