How Publishing Is Like Finance

shutterstock_155823200Think you have nothing in common with an investment banker or hedge-fund type? Think again.
The publishing industry is more like the finance industry than you know – specifically like venture capital (or private equity, even).
For those of you who are editors who acquire work or publishers who manage those editors, you already knew that. But what you may not know is how Amazon is changing the economics of the game and pushing publishing into an even more finance-like model.
How? Read on.

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The rest of the day’s top news:
Most Powerful Man in Publishing Speaks (Pub Lunch)
Penguin Random House CEO Markus Dohle is trying to build a company that lasts the next 100 years, not the next 100 days, he said, speaking at the Frankfurt Book Fair this week. More.
Continuing Rise of Self-Publishing (DBW)
There were nearly 60% more self-published ISBNs in 2012 than in the year prior. Ebook ISBNs are also up to 40% of all editions in 2012.
Live, From Frankfurt (Good E Reader)
Good E Reader radio discusses the goings-on a the Frankfurt Book Fair, live and on the scene.
The Daily Frankfurt (Pub Perspectives)
Get the skinny on what’s happening at Frankfurt by downloading the digital show daily. It’s almost kinda like sorta being there.
Kobo Partners With Spanish Bookstore Chain (DBW)
Mimicking its strategy in many other countries, Kobo has formed a partnership with Spanish bookstore chain La Central to sell devices.
McGraw-Hill to Divest Professional Publishing Business (WSJ)
In order to focus on its business on the higher education publishing market, Apollo Global Management, the private-equity owner of McGraw-Hill Education, is divesting its professional publishing businesses. They could fetch several hundred million dollars, sources said.
Book Industry: Another Take (The New Republic)
Another big magazine discovers that the book industry exists. Read this for the same story you’ve seen before, but updated until this week.
HarperCollins India Launches Digital Imprint With a Flourish (IBN Live)
HarperCollins has been in India 21 years and to celebrate the launch of its new digital imprint it has released 21 e-singles by 21 writers.
Einstein Goes Digital (DBW)
Princeton University has partnered with Tizra to digitize 30 volumes of Albert Einstein’s personal papers. E = ebook, in this case, not MC, squared.
Book Party in Asia (The Christian Post)
Want to hit up the largest book festival this year? Head to South Korea.
Related: Join us for the largest ebooks and digital publishing conference in the world at Digital Book World 2014. Learn more!

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Image Credit: image via Shutterstock

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