Plus, from Editorial Anonymous on Nov. 14, 2008:
Question from a reader:
How will the economy affect children's publishing? What's the climate like?
Editorial Anonymous answers:
Nervous. Children's books are a bright spot for many publishers, though, and historically books fare better in economic downturns than more expensive entertainment (like movie tickets). So while we're all keeping a weather eye on the economy, we aren't building bonfires and discussing the end of publishing as we know it (I mean, not more than we normally do).