Writers refuse to learn basic business principles. Publishing companies refuse to learn basic business principles. And we wonder why the publishing industry is in such bad shape.
I've complained about Simon & Schuster teaming up with vanity press Author Solutions (which, by the way, is owned by Penguin).
This week, Kris Rusch vented her own frustration at writers refusing to take responsibility for their careers.
Now, yet another small publisher may be in the process of going the way of Triskelion (I don't even want to go there), Dorchester Publishing (extensive chronicling by Brian Keene) and Aspen Mountain Press (Samantha Combs's report of the efforts to save the company).
Now, it appears Silver Publishing sinking rapidly. A publisher paying late is never a good sign. When the publisher starts throwing around legal threats and writers are holding a fundraiser for the publisher, things are bad. There's been several flame wars over the matter already, and it'll probably get worse before Silver finally succumbs. The Erotic Romance Blog catalogs some of what's going on.
Unfortunately, where there's smoke, something burning hot usually lies underneath. The fingerpointing and spinning is too much like the other defunct publishers I mention above to not take this seriously.
If you're a writer wanting to contract with a publisher, for the love of Murphy, CHECK THEM OUT before signing the contract!