Fiction Faces Hard Facts: Newcomers Are a Tough Sell - washingtonpost.com

This article from the Washington Post tells it like it is and it's not good for new authors. The recession has caused publishers to get cautious. The thing is, during a recession books sell well compared to other forms of recreation so it's not a good idea for them to cut back. The best time to overtake your competitors is during a recession.

The next J.K Rowling or Stephenie Meyer is out there somewhere and the $ goes to the company that finds her first.