Independent Publisher McSweeney's To Go Nonprofit, Which Is Great For Publishing

October 17, 2014 7:27 PM

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The announcement on Thursday that independent publisher McSweeney’s plans to become a nonprofit inevitably carried a note of gloom. Though described as “very good news,” it’s clear that financial struggles played a large part in the decision; Buzzfeed highlighted founder Dave Eggers’ remark that “every year it gets just a little harder to be an independent publisher.”

Such a public reminder of the continuing struggles -- particularly for independent presses -- might naturally lead book-lovers to reflect darkly on the unhappy future of the publishing industry. It’s hard to swallow Eggers’ revelation that “an independent literary title that might have sold 10,000 c...

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