First we had Lori Perkins blurring the lines by referring authors she or others at her agency represented to an epublisher she co-owned. Now the Waxman Literary Agency is apparently starting their own epublisher (Diversion Books) which is releasing books written by their clients. Diversion Books opened quietly this March and is unrelated to the existing Diversion Press.
The similarity to the Ravenous Romance affair extends to the arrogance of the founders, in this case Scott Waxman: "I think because it emanates from my literary agency it gives us a unique perspective on what the authors need and want. Because we understand editorial development, rights, various genres and the everyday life of an author I believe it will provide a comfort level for writers."
That is, other epublishers presumably do not understand 'editorial development, rights, various genres and the everyday life of an author'. Puh-leeze. If blithe acceptance of an obvious conflict of interest is meant to be part of the brave new world of epublishing I want nothing to do with it.
Waxman is a very respected literary agency, but how long is that going to last? They wouldn't be the first to squander a big share of their reputation on an ill conceived money making project (Kirkus Discoveries, anyone? Harlequin Horizons?)
Linkin reports that Waxman also founded the short-lived epublisher "Live READS".
News via Romance Divas
On self-dealing <--recommended reading
It's Just Upsetting