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Houghton Mifflin Harcourt Enters Bankruptcy Process - Alethea Kontis
Yes, one of my publishers did just enter a Chapter 11 bankruptcy for about 3 billion dollars. You can read the New York Times article about it here. What I remember from working in publishing back in the day, back when Houghton Mifflin and Harcourt were two separate companies, is that their scholarly divisions (all those anthologies you had to read for English class) outweighed their trade by quite a lot of titles, and scholarly divisions are typically a Giant Mess. [UPDATE: apparently the scholarly divisions weren’t too bad; it was the tiny digital company who bought them that added...