Some of the lowlights:
- Simon & Schuster cut 35 people (2% of its workforce).
- Thomas Nelson cut 54 people (10% of its workforce).
- Random House axed some of its top people and announced it is restructuring -- and will disband the Doubleday Publishing Group.
- It has been reported that Houghton Mifflin Harcourt has let go of several employees (the company doesn't comment on personnel matters). Becky Saletan, the publisher, has been let go.
- And Borders' stock price fell under one dollar. That's a very bad thing -- if their stock price stays under $1 for ninety days, they have to do a consolidation of stock (the opposite of a stock split).
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Online publishing is definitely the only way to go. The problem is finding a model that can actually make money.
3 things....
1. have you seen the Prop 8 The Musical at Be Funny Or Die. It might add some humor to your same sex marriage conversation.
2. I have a friend that works at Jossey Bass. Small world.
3. I believe this is my first time posting (though I have followed for a while).
What's so bad about losing such folks? We could use less lame books on the market, and fewer places like Borders, who sell such tripe.
oddly enough, it was a decent weekend for the CBA (which is a surprise, actually). most were up over last year. i'm not sure how to explain that!
see...this is why you start your own and self-publish, like I did :)
-jeremy
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