Last week was a painful one for book publishing. On Monday, D&M Publishers in Vancouver filed for bankruptcy protection, laying off staff and leaving authors uncertain about their future as the company attempts a reorganization. Most reports about the D&M situation mention a number of other Canadian publishers who are no more, thanks to bankruptcies or financial reorganizations.
One inaccurate report in The Globe & Mail
newspaper even went so far to assert that this latest news confirms the failure of the independent Canadian publishing industry. That assertion was alarming for two reasons.
The first reason is that it’s not true....