Tuesday, November 25, 2008

HMH Halts Acquisitions

Houghton Mifflin Harcourt (the entity recently created by the consolidation of Houghton Mifflin and Harcourt) has announced that it’s not acquiring any new manuscripts/books. As reported in Publishers Weekly, Josef Blumenfeld, HMH’s “v-p of communications” explains: "In this case, it’s a symbol of doing things smarter; it’s not an indicator of the end of literature. We have turned off the spigot, but we have a very robust pipeline."

So what happens when the pipeline dries up? What goes in (or doesn’t) must come out (or not), right?

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