Becky Saletan, publisher of Houghton Mifflin Harcourt, quits

Hmm, amidst Houghton Mifflin Harcourt "temporarily" holding their acquisitions, the senior vice president and publisher of adult trade books Becky Saletan has announced she is quitting from the company effective Dec. 10.

Houghton Mifflin Harcourt has reportedly been hit hard by the tight credit market and any halt on acquisitions is widely believed to be in anticipation of a possible sale. Their owner, the private-equity concern Education Media and Publishing Group, has acknowledged that rival publishers have expressed interest in buying HMH.
Yahoo News has the full story and AP has a more elaborate article on the issue.

Tough times are ahead indeed.


Zoe Winters said...

I think it'll get worse before it gets better.

Rae Lori said...

Sad but true.