Wednesday, December 3, 2008

Layoffs at Random House, Simon & Schuster


The economy has crashed down on an industry once believed immune from the worst — book publishing — with consolidation at Random House Inc., and layoffs at Simon & Schuster and Thomas Nelson Publishers.


"Yes, Virginia, book publishing is NOT recession proof," said Patricia Schroeder, president and chief executive officer of the Association of American Publishers. "It's sad day."


36 comments:

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