... is almost as bad as the future of newsapers, according to Grumpy Old Bookman: More on the Sunday Times fiasco.
The heart of the matter: "Modern publishing is concerned first and foremost with making a profit. And the problem with 'literary quality', as generally defined, is that it is not profitable." But "most of the leading newspapers concentrate their reviews on literary fiction ..." And "courses which purport to teach 'creative writing' also tend to concentrate on 'literary quality.'"
Hat tip: Steve Clackson.