Originally Posted by Chaos2Frozen
Sales is one thing, but it feels like their line-up is pretty much stagnant- They're clearly not all that interested anymore.
Right now there's really only Yen who publishes light novels. Vertical publishes some novels, but not really anything that would be talked about in this forum. It's a combination of poor sales previously and caution against licensing long series. Light novels target a bad market in NA: manga readers don't want to read a lot of words, and book readers don't want to read manga. Getting a long series like Shana
might sell well at the beginning, but given how they drop over time, would it be financially justified? Sadly, not a lot of people buy these novels and so it's risky to license things that won't come out around the same time an anime does. They're also much more time-intensive to translate/edit than a normal manga volume. Given the additional factors, it's not surprising the publishers lost interest in pursuing a market that likely doesn't exist.