This book is a good complement to Al Silverman's wonderful "The Time of Their Lives: The Golden Age of Great American Book Publishers, Their Editors and Authors," showing how the conglomerization of publishing, especially in the 1970s and '80s, has affected what is published--and not published. That is, when some publishers stopped being cultural charities run by wealthy dilettantes mostly interested in collecting great authors the way others collected art, and started to be more business-minded, the literary books that only sold a few thousand copies despite being "sophisticated" and "cosmopolitan," to use Sinykin's loaded terms, were pushed out or their authors turned to "genre strategies" to make them more commercial.
And I have to say, I don't see what's so wrong with that. I certainly don't see what's wrong with a "literary" author making a book entertaining. To me, it smacks of snobbery. As Steve Martin's character in "Planes, Trains and Automobiles" would have told Susan Sontag, "Next time you tell a story, have a point. It makes it so much more interesting for the listener."
Before I go on, my bona fides: I've been a book editor for more than 30 years, starting when p&ls had to be run by the VP because only she had a copy of Lotus, and conglomeriztion has both enabled my career (by clearing out more senior editors so I could get their books) and hindered it (I've been laid off 3 times and narrowly escaped a fourth following mergers). I got started at Avon in 1993, and I had to come to understand their mass market sensibilities because I came there straight from getting a Masters in English; that said, the best book I read during my time in grad school was "The Hunt for Red October," so this wasn't a big leap. It was there that I passed on the paperback rights to "Fight Club" because I loved my job and couldn't appreciate it (then came lay off #1....) In addition, I've always seen myself as a businessperson who publishers, not an editor who has to pretend to do business sometimes, so maybe I've drunk the conglomeration Kool-Aid. As a result, this book's argument speaks directly to me, and while I've never worked at Random and the events of the book came largely just before my time in publishing, I know this world intimately
I don't disagree with many of Sinykin's conclusions, especially in how other, smaller publishers who could bear a 4,000-copy first print run have picked up the literary slack. I certainly agree that publishing used to be way more fun; I got to Avon when it was still OK to drink and smoke in your office, but you could no longer snort coke or have sex on your desk. And I totally agree that the expectations of corporate overlords who want 8-10% growth out of a 3-4% business, as if books were financial instruments, have made doing any book harder; when Harper bought Avon, for instance, they sent over a new p&l that was pretty much the same as ours except it had a $20,000 charge against every book regardless of financial expectations, a ridiculous vig that made publishing all but leads impossible (or financially irresponsible). I agree (or at least I think Sinykin would agree with me) that who got published should not be determined by who had the pedigree to get invited to have drinks at Jason Epstein's apartment, and it's still the case that the more a publisher pays for a book, the more attention it gets in-house. I don't, however, entirely buy that "Ragtime," "Beloved" and other books are about publishing itself and not, say, about conglomerization in general, a feature in all business at the time; it's why Gulf & Western owned S&S; but whatever. I totally disagree with his view on why Patrick O'Brien finally become successful: it wasn't because he's a literary writer (he's not, imho), but because a marketer/publicist like Esther Margolis worked to get him a great, prominent review that resurrected his books--just as "Moby Dick" was rescued from history 70 years after pub.
What I really had a problem with, is that his view of publishing is constrained by his research, however extensive.
For instance, why didn't he talk to any editors directly? Many of the people profiled are still alive. Every single one of them as well as all those who came after them would tell Sinykin the same thing: Big books pay for little books. For instance, why could Little, Brown take a chance on lit? James Patterson. Why could Knopf? Crichton and Anne Rice. Why could FSG? Scott Turow and Tom Wolfe. Why could Norton? Their huge educational division, plus Michael Lewis. Just as Graywolf and Coffee House and Milkweed depend on charity, just as publishers in the first part of the century relied on the deep pockets of their owners and their banks (Silverman notes that the founder of Viking sold out because he was sick of waking up every morning owing the banks $7-8 million), publishers depend on their cash cows, especially those that backlist (which pays for everything: salary, overhead, etc.). And this makes sense. Granted I came out of mass market publishing in which each monthly list was like a mutual fund. The sturdy investments pay for the fliers you hope hit and the authors you want to build into sturdy investments.
Sinykin also mentions lots of great writers that got pubd, as if to argue that they wouldn't have been pubd today, but he doesn't balance that by showing all the ones whose books failed and cost their publishers money as well as the opportunity cost of publishing someone whose book might have worked. You learn nothing from winners. In losses are the lessons. And how much did the publishers have to pay for all this prestige? Were most advances not earned out back then? There's nothing wrong with that, of course, but you can't prestige yourself into the poorhouse. (Well, you can, but it's not smart.)
And I think Sinykin confuses the book's argument by folding into literature titles by people non-white and non-male. The reasons they weren't getting published back then rhyme with those for why conglomerization made publishing lit more challenging at the big publisher level, but really it's a different issue. Or he could have included them by changing his argument to not being about how conglomeration changed lit, but about how it changed risk.
Nonetheless, the book's well-written, despite some repetition of facts, I enjoyed it, and it's a book I'll be recommending to my colleagues precisely because there's stuff to disagree with, which makes a book more fun.
Thanks to Net Galley and Columbia UP for the early look.