Real Publishing vs Vanity (Subsidy) Publishing

Ever since trade publishers entered a lucrative side business: to milk the writers that they once ignored: Lines became increasinglyblurry… between trade publishing, also called legacy publishing, and vanity “publishing”, now often referred to as subsidy publishing. A famous example is the once reputable Penguin Publishing, one of the “Big Five” who bought (and in the meantime sold) the notorious AuthorSolutions. However Penguin is still in the vanity publishing business involved.
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One Thi...