Episode 181: What did we learn about profit & loss statements from PRH/S&S trial?

During the course of the Penguin Random House / Simon & Schuster merger trial with the Department of Justice, the defense claimed that profit and loss statements are made up guesses, with no substantiation in evidence. Podcasts, agents, authors, and tweeters immediately latched onto this claim that publishers actually have no idea what they are doing. This week on the pod, we show how all of those things are wrong and how to deliver factually based P&Ls! ************Thank you for watching the People's Guide to Publishing vlogcast!  Get the book: https://microcosmpublishing.com/catal...Get the workbook: https://microcosmpublishing.com/catal...More from Microcosm: http://microcosmpublishing.comMore by Joe Biel: http://joebiel.netMore by Elly Blue: http://takingthelane.comSubscribe to our monthly email newsletter: https://confirmsubscription.com/h/r/0...Find us on social mediaFacebook: http://facebook.com/microcosmpublishingTwitter: http://twitter.com/microcosmmmInstagram: http://instagram.com/microcosm_pub************