P&Ls and how books make (or don't) money

[alg]

Profit & Loss/Profitability & Liability: How Books Make (or Don't Make!) Money

A basic outline of what happens when an editor buys a book and wants to publish it. This is very much a basic look at publishing and publishing finance, with some explanation of terms commonly used by the marketing and sales departments.

Comments

Why???

[(Anonymous)]

You might as well turn off the lights and throw darts to determine how to make a profit. This book publishing nonsense is the most irrational and inefficient system still waiting to be laughed off of Wall Street today. The only industry in bigger denial of it's outmoded institutional dogmas is religion. But they still have a viable product: FEAR.
Speaking of religion, it's often said that Christianity succeeded when it did because it welcomed women and slaves. Sounds a lot like the POD movement which is eating the flesh off the bones of Bertelsmann et al.