More on Black Wednesday
Salon.com has also published an article about Black Wednesday and the dire straits that the publishing industry is in: Read It and Weep, by Jason Book. (Click past the ad in the upper right of the page to get to the article.)
The end of days is here for the publishing industry — or it sure seems like it. On Dec. 3, now known as “Black Wednesday,” several major American publishers were dramatically downsized, leaving many celebrated editors and their colleagues jobless. The bad news stretches from the unemployment line to bookstores to literature itself.