Three things media publishers still don’t know about how the digital future is going to go.
Looks like Houghton Mifflin Harcourt’s trade division is off the block…for now. Education Media & Publishing Group, the educational publisher formed by Barry O’Callaghan’s leveraged buy-outs of Boston-based Houghton Mifflin and Harcourt, has agreed a refinancing which will lower its debt load and interest bills but heavily dilute equity holders, reports the FT. The refinancing… Continue reading
Publishers are growing less tolerant with authors who can’t meet their deadlines: But as book sales fall and publishing houses look for ways to cut costs, many literary agents are growing increasingly worried that publishers looking to trim their lists will start holding authors to deadlines and using lateness as an occasion to renegotiate advances… Continue reading