THE DYNAMICS OF MASS COMMUNCATION Joseph R. Dominick University of Georgia--Athens McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Chapter 6 Chapter Outline Books McGraw-Hill History Books in the Digital Age Defining Features of Books Organization of the Book Industry Ownership in the Book Industry Producing the Book Economics Feedback The Book Publishing Industry © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. History • Early books – Hand copied by monks until 12th C – Lavishly decorated – Johann Gutenberg (1455) • Moveable metal type • First book – the Bible • Sold at Great Frankfurt Fair for 3y wages – Printing spread rapidly throughout Europe – Henry VIII required government approval for printers McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. History • Colonial America – Bay Psalm Book (1640) – Poor Richard’s Almanac by Ben Franklin – Common Sense by Thomas Paine • Penny Press Era (early 1800s) – Book publishing industry established • Mass audiences New technologies • Libraries A better educated public – Harriet Beecher Stowe’s Uncle Tom’s Cabin McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. History • Civil War paperback boom – “Dime novels” liked by soldiers – Pirated editions of European best-sellers • 20th Century move to commercialization – Literary agents represent authors – Publishers expand into the mass market – Financiers require profitable publishing McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. History • Post WWII – Reading spurred by leisure time and income – Paperbacks return • Low prices, varied content, quality works • New channels of distribution – Dr. Spock’s Baby and Child Care – Peyton Place sells 10 million in paperback – Major publishers consolidate – Book industry grappling with digital revolution McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Books in the Digital Age • The eBook – Display hardware + Software + Digital content – Author-Publisher-Retailer – Market suffered setbacks • Hardware not up to standard • Not enough e-book content – Ideal for • Reference works Travelers Students – netLibrary McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Books in the Digital Age • Printing on Demand – Publisher creates books in digital form – Customer chooses book at a retail store – Store downloads it from publisher – Book printed at the store while customer waits – Publisher saves print and distribution costs – Ideal for low-volume, special-interest books McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Defining Features of Books • • • • Least “mass-like” of the mass media Can have profound social effects Authoritative Enduring McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Organization of the Book Industry Publishers Distributors Retailers McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Organization of the Book Industry Association of American Publishers’ List Trade books Religious books University presses Elementary and secondary texts Professional books College textbooks Book clubs Standardized tests Mail order publications Subscription reference books Mass market paperbacks Audiovisual and other media McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Organization of the Book Industry Figure 6-1 Channels of Book Distribution McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Organization of the Book Industry • Retailers – 20,000 traditional book stores – Major chain stores • Barnes and Noble Borders/Waldenbooks – Online vendors • Amazon.com – College bookstores – Book clubs and mail-order sales McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Ownership in the Book Industry • Top five companies (2000) – Pearson Publishing – largest educational publisher • Prentice-Hall, Penguin, Viking • Pearson Television (“Baywatch”) – Random House – Part of Bertelsmann – Harper-Collins – Rupert Murdoch • 20th Century Fox, Fox Network – Simon & Schuster – Part of CBS/Viacom – Time-Warner Publishing • Time Warner, biggest media conglomerate in world McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Producing the Book • Departments and Staff – Editorial • Works with authors and manuscripts – Production • Physical design of the book – Marketing • Sales, promotions, and publicity – General business administration • Accounting, financial forecasts, operational needs McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Producing the Book • Publishing the Book – Three sources of book ideas • Literary agent recommendations • Unsolicited manuscripts – “slush” • Ideas generated by editors – Author and editors collaborate to produce satisfactory manuscript – Other activities include: scheduling, design, printing, and distribution McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Producing the Book • From the Author’s View – Author submits book proposal • Cover letter and a brief description • Why the book should be published • Analysis of the potential readership market • Outline or table of contents • Sample chapter – Proposal goes to acquisitions editor for evaluation – If OK, contract is signed and author begins work McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Economics Figure 6-2 Book Publishing Revenue, 1983-2002 McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Economics • Publisher income – Book sales – Subsidiary rights • Book clubs • Paperback rights Foreign rights Reprint permissions • Publisher costs – Manufacturing costs • Printing, typesetting, royalties to author – Operating expenses • Editorial, production, marketing, general admin • Profit margins are 2% - 20% McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Economics Table 6-2 Profit-Loss Statement of Trade Hardcover with $20 List Price McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. Feedback • Traditional best seller lists – New York Times – Publisher’s Weekly – USA Today • P.O.S. information from BookScan • Reader reviews at online bookstores (e.g., barnesandnoble.com) • Online purchase circles: specialized bestseller lists (e.g., amazon.com) McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. The Book Publishing Industry • 70,000 to 75,000 jobs nationwide • Entry-Level – Editorial assistants • • • • • Communicate with authors Read manuscripts Check facts Proofread Write catalog copy – Sales representative McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved. The Book Publishing Industry • Upward Mobility – Editorial Editorial assistant Assistant editor Associate editor Editor Senior, Managing, Executive Editors – Business Sales representative President, Vice President of Marketing McGraw-Hill © 2007 The McGraw-Hill Companies, Inc. All Rights reserved.