Foley at 2010-08-10 13:07:08:
TPB vs. comic book vs. graphic novel. Hooboy. This could turn into a real can of worms...
OK, a little history. By his own account (and while he was no Stan Lee, he wasn't above self-mythologizing on occasion), in the early '70s, Will Eisner was attempting to interest traditional book publishers in publishing his comic work. He was having trouble, because at the time, the term "comic book" carried a stigma and had definite associations with juvenile, disposable entertainment. Book publishers weren't interested in publishing comic books. So Eisner created the term "graphic novel" to basically trick publishers he was pitching to into thinking they were looking at something other than a comic. The term's creation was, as far as I can tell, 100% marketing-driven, with no alteration to the work it was initially used to describe (which admittedly was aimed at a more mature audience than the 12-year old boy who was the stereotypical North American comic reader at that time.)
There has been some dispute over who coined the term first, and experiments in longer-form, more mature comic storytelling had taken place prior to this, most notably by Gil Kane, IMO. But as far as I can tell, this is the origin of the term (if not the format) that's most widely accepted by those who care about such things.
The late '70s and early '80s were a vibrant time for the North American comics scene, esp. after the establishment of the comic book direct market, which sold comics to comic-specific retailers on a non-returnable basis, lessening some of the risk on the publishing side and allowing some self-publishers to break into the edges of traditional comics readers' awareness (Dave Sim's CEREBUS, Wendy and Richard Pini's ELFQUEST.)
The format of the trade paperback became more commonly used for comic material around this time, as creators took advantage of new possibilities available in terms of formatting and creator ownership, which until the mid-'70s, possibly a bit later, was an absolutely unthinkable arrangement for the major superhero publishers and the bulk of the mainstream creators of the time. I don't believe work for hire came into existence as a legal copyright term until '76 or so, but the arrangement was pretty much assumed by everyone, especially the publishers.
With the direct market taking some of the risk out of the equation on the smaller publishers' side (sales through the DM were made with no risk of returns, while comics available on newsstands reportedly had around 2/3s of their entire print runs returned/pulped. So the smaller publishers couldn't offer as much of a page rate as the majors, many of them did allow for creator ownership and/or participation (which few considered of much value at the time.)
At the same time, Heavy Metal began publishing in North America, which I imagined opened some peoples' eyes to the European comic tradition, which was to publish long-form stories in serialized form, with the intent ultimately being to collect it all in a more permanent format.
Somewhere along the way, the term "graphic novel" gained some traction as a sales tool, often one that implied more mature content. If that was ever the actual case, it didn't last long, as Marvel and DC began publishing 48-64 page stories in an 8x11 format, some of which (Elric, Killraven) were for mature readers, some of which (Emperor Doom, The New Mutants) were basically slightly larger versions of the superhero adventure fare they were traditionally known for.
From where I stand, when the direct market started accepting the term for ANY 48+ page comic story in a trade paperback format, it lost any legitimacy it might have had as a description for a long-form comic story with more mature themes.
Continued.