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."


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