From The Reading Experience, and his references to an article by M. J. Rose at the Publishers Marketplace, and another by Maud Newton on her weblog, we get a dreary picture of the book publishing business. Yes, drearier and drearier, and no, it’s probably not just a cycle that’s going to get better. It has been this way for years and the internet, still in its relative infancy in this area, is not helping with weblogs and self-publishing capabilities.
So while it may be easier for writers to get their work read in some ways, it’s not going to be a career and it’s not going to be helped by the big time publishing houses.
So to just about everyone except some celebrity with a sizzling sex life, the old advice stands firmly: Don’t give up your day job.