Penguin’s Modest Self-Publishing Gamble

Being sold for only slightly more than the revenue you brought in the prior year isn’t exactly a signal that anyone believes the company has a lot of growth potential, especially not one whose roster theoretically covers the full gamut of shiny author services so many seem to believe are publishing’s revenue streams of the future. Plus, ASI was apparently on the block for a while with no buyer, so I find Penguin’s CEO John Makinson’s claim odd, as reported by Publisher’s Lunch, that he expects there will be a “new and growing category of professional authors who are going to gravitate towards the ASI solution rather than the free model.” So then, what’s the real angle here?

Spinning Dominoes: Don’t Believe the Hype… But DO Learn From It

Not quite one year to the day it was announced, Seth Godin is shutting The Domino Project down, offering the awkward explanation that “it was a project, not a lifelong commitment to being a publisher of books,” instead of, perhaps, admitting that publishing is harder than it looks if you want to swim at the deep end of the trade pool in the middle of a dramatic transition, as he obliquely acknowledges in many of his noteworthy takeaways.