Tuesday, December 2, 2008
Books More Trouble in the Bookonomy
Posted by Paul Constant on Tue, Dec 2, 2008 at 3:02 PM
As we know, Houghton Mifflin Harcourt stopped buying new manuscripts. This is bad news, because new books are the lifeblood of a publishing company. Their VP of Communications explained "We have turned off the spigot, but we have a very robust pipeline."
Now, Rebecca Saletan, Houghton Mifflin Harcourt's publisher, is resigning. Industry people think this means they're about to be sold. Will there be one less big publisher by next month? Will there only be one giant publisher at this time next year? This is depressing.
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Looking at their website, Houghton Mifflin Harcourt doesn't look like it sells much fiction except the annual Best Short Stories series.
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