Books: Advance Guard

Publishing was once the last refuge of politesse. Take the matter of advances, for example—those cash payments against future royalties. Seldom was a tardy writer pressed to repay; the image of a company bearing down on a lonely writer was too distasteful for bookmen to contemplate.

But they are rapidly acquiring the taste. As publishing houses get consumed by conglomerates, as advances grow ever larger—Simon & Schuster has just guaranteed Joseph Heller as much as $1.7 million for his next novel—more and more authors are being forced to put up or pay up. The most spectacular example of this new punctiliousness is...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!