This is not a publishing house.
In the ominous shade of a dinosaur skeleton at the American Museum of Natural History, Edmund White had this to say about American letters:
"You begin to see it as an exercise of competing egos rather than an effort to communicate or focus on the topic. Often people aren’t even clear on what the topic is!”
That works well not only in publishing, but also in print journalism.
Via, as usual, Leon Neyfakh. Included are a few bon mots on why lit panels don't often work well. But I don't think they work well even when they work well.