Trillium Book Awards Author Reading 2015

CHANGING LANDSCAPE OF THE PUBLISHING INDUSTRY IN CANADA

Share |

Canadian publishing industry went through significant transformation during the last few years and the process is still unfolding. Should Canadian authors worry? Let’s take a look at the facts. McArthur & Company publishing closed just a few months ago after almost 15 years in business. Thomas Allen Publishers was acquired by Dundurn in August. Key Porter had to shut down its doors about a year ago due to financial issues. Douglas & McIntyre had to file for bankruptcy after almost 40 years in business and was eventually sold to Harbour Publishing. The most troubling is of course sale of Canadian publishing legend, McClelland & Stewart, to Random House of Canada, which is owned by Bertelsmann from Germany. And last but not least, the mega-merger of Random House and Penguin.

Our publishing industry is now dominated by large foreign publishers, including Harper Collins, Simon and Shuster, and Penguin Random House. Where is this business transformation going to take Canadian publishing industry and Canadian writers? Are small and independent Canadian publishers going to survive or will eventually disappear? For many years authors in Canada, myself included, relied almost exclusively on small independent Canadian publishers to bring their books to the market. Are we in trouble now?

The views expressed in the Writer-in-Residence blogs are those held by the authors and do not necessarily reflect the views of Open Book: Toronto.

Victoria Sedova

Victoria Sedova is an accomplished author and literary translator. Her latest poetry collection is The Bay of Lost Love (BookLand Press).

Go to Victoria Sedova’s Author Page