LJNDawson.com, Consulting to the Book Publishing Industry
Book Publishing Industry Consultant

Harper Unit Not Paying Author Advances, Allowing Returns

The WSJ just posted an article by Jeffrey Trachtenberg saying that HarperCollins is starting up a new business unit that won't take returns from bookstores or issue advances to authors:

Instead, the unit, which hasn't yet been named, will share its profits with writers and focus much of its sales efforts on the Internet. In recent years, Amazon.com Inc., the nation's largest online book retailer by sales, has gained market share from bricks-and-mortar stores. News Corp. owns Dow Jones & Co., which publishes The Wall Street Journal.

NewsCorp also owns MySpace, which launched its today. (The link is working now.)

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