Traditional Publishing Is 'No Longer Fair Or Sustainable', Says Society of Authors

After figures released this week showed professional authors' median annual incomes have collapsed to to £11,000, The Society of Authors' chief executive has claimed that traditional publishers' terms "are no longer fair or sustainable".

Earlier this week, the Authors' Licensing & Collecting Society released a survey of almost 2,500 writers which found that the median income of a professional author last year was £11,000, down 29% since 2005 - a period in which median earnings for UK employees have fallen by 8%.