Is apparently a contest the blogging publishing world is going up in flames about. I'm not entirely clear about it, but it seems to be a pay to enter competition, which in other fields than publishing doesn't seem so strange.
Limiting the winner to join a specific agency with a soiled reputation seems to be the thing that most people get upset about. I really can't say I have much of an opinion about it -- after all I'm not inside the industry, merely an aspiring writer. Seen from a purely economic view, at least in the short term the competition should give entering authors a better chance at a shot at the money, but the vehemence the competition is met by bodes ill in the long term. $100 000 is a lot of money, but it's still a far cry from a lifetime's income.
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