Good News for the Publishing Industry In between the headlines, amid the doom, encouraging whispers of the book-trade bouncing back from the Covid crisis are buoying the publishing industry. Signs of an upturn have replaced the initial downturn, which came from the surge of shuttered shops as bookshops and libraries closed their doors; author engagements, trade fairs and commissions were cancelled and industry staff were furloughed and sent to work from home. Some publishing firms, like Bloomsbury, have weathered the impact of the Covid storm well, even reporting a rise in sales. Others have been able to partially recoup losses
“Get my book published,” tops many a bucket list. As we hurtle towards the end of yet another year, thoughts turn to what we hope to achieve in the forthcoming 12 months. Hope is an important word, because writers need an abundance of hope. In her book, Grit, about the psychology of achievement, Angela Duckworth quotes bestselling-author Ta-Nehisi Coates, who says, “Writing is failure. Over and over and over again.” This may sound like a bleak summary of the writing trade, yet the image of screwed-up bits of paper surrounding the stressed writer, head in hands, is a prevalent one.