Covid has been a disaster. But its effects on book publishing finances have been surprisingly benign* as this bar chart shows. Benigner for some categories than for others of course.

A balanced and sensible status report has been issued. COVID-19 and Book Publishing: Impacts and Insights for 2021 by Cliff Guren, Thad McIlroy and Steve Sieck has been reviewed by Mike Shatzkin. You can download a PDF or an ebook at the link to the title. Here’s the Contents list.

Everyone concerned with the book business will benefit from reading this state-of-play report. It’s descriptive rather than prescriptive. Striking, if ultimately unsurprising, is the difference between the effects on various types of business. One constant is that trends which were already at work have been accelerated by the pandemic. We might now say that ordering online has taken over from standing on line. Subscription services have been apparently effortlessly successful. Streaming: good. Physical: OK as long as delivered to your door. Just what higher education is going to look like in the future is hard to discern — beyond the almost inevitable “very different”. Will this affect university presses? Sure; but it may not turn out to be too bad an effect.

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* Money, yes; people, no. Many, including my friend, colleague, and neighbor Hector Gonzalez, will be missed for ever.