Early in 2008 I wrote a piece here at PJM about the new publishing industry needing a new business model. The basic point here is that costs used to be dominated by making, shipping, storing, and selling those big bricks of pulp, none of which is necessary, or financially feasible, any longer. The only remaining value-adds were in editing (yes, writers need editors) and marketing/promotion.
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Sarah Hoyt, an SF writer, is now noticing the same thing in real life.
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