The more things change
Peter Osnos has a nice piece in The Atlantic about the evolution of the book industry:
On my first day at Random House, I encountered the fundamental difference between the news business and the book business. In newsrooms, you got the story, it was printed in the paper, and then you went home. In publishing, you acquired the story, got it written, had it printed, and then—crucially—figured out how it should be sold.