Nov 29
As if you needed further proof of how bad the economy there is some books news that illustrates it. It seems that Houghton Mifflin Harcourt has begun “a temporary freeze” on acquiring new books in its trade and reference division. It was expected that this would be a rough retail season for books and this just proves that. However, Houghton is the first publisher to make such an announcement. And there is no word yet on how long this acquisition freeze will last.
The division publishes about 400 titles a year. That means that a three-month hiatus on acquisitions would lead to about 50 fewer titles.
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