Read it and weep

The end of days is here for the publishing industry -- or it sure seems like it. On Dec. 3, now known as "Black Wednesday," several major American publishers were dramatically downsized, leaving many celebrated editors and their colleagues jobless. The bad news stretches from the unemployment line to bookstores to literature itself.

"It's going to be very hard for the next few years across the… » Full Story on Salon.com