Last Friday I attended the Wharton School's Future of Publishing Conference held at the Marriott Marquis in New York City. I could write several articles (and may well) about what I heard there, but I wanted to share here my general impressions.
First, it was all very well done. Good venue, great speakers, and it was well worth the time to attend. What I heard, over and over, from the various distinguished speakers and panelists, was that publishing has to change. Publishers have to change. The days of business as usual are long gone. I agree.
They also said that the future holds tremendous opportunity for publishers smart and nimble enough to grab hold of the variety and plenitude of opportunity available. I agree with this and applaud it. Change must happen in the publishing industry and will happen whether or not specific publishers embrace and engage with it. Much of the change involves smart use of technology, but that is a post for another day.
One speaker said several times that this year must be a year of experimentation for publishers. New approaches must be developed and attempted, and without question many experiments will not succeed. Yet, there is no substitute. The old ways do not work any longer and new ways must be developed.
But, what I did not see or hear from any of the attendees was a feeling of excitement about these opportunities. Most of the attendees, seemingly primarily senior executives at large publishing firms, seemed tired and conversation between sessions was often quiet and subdued. Most of the time people milled about checking their smartphones and calling in for messages.
Surely, this is a reflection of how lean the staffing levels are at most publishing companies are these days. It is difficult to be excited about experimentation and opportunity when you are so tired you cannot see straight, much less dream dreams. I hope, though, that at least some of the attendees took the admonitions to heart and will find time to experiment at least a little in the coming year.
You can read more about the conference by reading the Publishers Weekly take on the day (click here).