Major Publisher Puts Book Acquisitions on Hold
by Staff
In the midst of an economic downturn and a crunched credit market, Houghton Mifflin Harcourt recently requested that its editors stop acquiring books.
Random House to Freeze Pensions in Latest Sign of Ecomonic Woes
by Staff
As of December 31, Random House, the largest trade publisher in the United States, will freeze the pension plan funds of its current employees, and will eliminate the plan as a benefit for new hires.
Salaries on Ice: Macmillan Follows Penguin, HarperCollins in Response to Financial Crisis
by Staff
Macmillan U.S. today announced that it will curtail salary increases, effective January 1, 2009, for staff earning fifty thousand dollars or more. HarperCollins and Penguin Group (USA) announced similar measures last week.
Simon & Shuster Slashes Staff, Random House Restructures
by Staff
Yesterday, Simon & Schuster added to a grim week of news for book publishing with the announcement that it had eliminated thirty-five jobs across several departments.




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