When
you have an iconic 80-year-old company such as Hostess going out of business
you pause for a moment, first to lament that Twinkies and hostess Cupcakes will
cease to be, and that 18,000 people will be unemployed. Then you wonder: How
could that be? How could brands like Wonder Bread just disappear after being a
household name for several generations? How does something so popular just get
erased as if it never existed?
Could
the same thing happen with book publishers?
It
is a logical question to raise, given that a few years ago one would have
thought it crazy to imagine major food brands closing shop after such a long,
successful run. But we know all businesses, with the exception of a few,
eventually close up shop. It is just the Darwinian way of the business world.
As
hard as it may seem that brands like Simon & Schuster, Random House, or Wiley
could ever go out of business, we see mergers eat up brands and bankruptcies
completely kill them. Publishing certainly is not immune to the economic laws
of the land. And unfortunately, publishing as an industry, is under attack from
new mediums such as the Internet.
Maybe
a big publisher can merge with Hostess and form a new entity, one that offers
tasty snacks while you read a good book.
Brian Feinblum’s views, opinions, and ideas expressed in this
blog are his alone and not that of his employer, the nation’s largest book
promoter. You can follow him on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels more important when
discussed in the third-person. This blog is copyrighted material by
BookMarketingBuzzBlog 2012 ©
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