Publishers turn page with big cuts

Publishers turn page with big cuts: For decades, the New York publishing world promised a romantic life of fancy lunches, sparkling parties, sophisticated banter and trips to spots such as the Caribbean to pitch books to sales representatives.

The cushy way of doing business, however, is winding down.

Amid a string of layoffs and pay-freeze announcements, book publishers are clamping down on some of the business’ most glittery traditions.