Apr 21, 2023
Flat Publishing Profits in 2022 Continue into 2023–What Does It Mean for Authors?
Last week, Publisher’s Weekly reported that the first quarter numbers were in for a number of major publishers, and those numbers were underwhelming--but there are some bright spots, too.
Last week, Publisher’s Weekly reported that the first quarter numbers were in for a number of major publishers, and those numbers were . . . underwhelming. Last year, profits were down among most of the big names (those who release their financial data, anyway), with only Simon & Schuster reporting a modest gain over 2021 in both profits and sales. After the most recent numbers pointed to an…
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