Last Wednesday was an upsetting day for the trade publishing business. (Hat tip to Editorial Ass for the news roundup.) Random House, the industry giant, is reorganizing big time, Houghton Mifflin Harcourt (the one with the reported acquisition freeze?) is laying off employees and Simon & Schuster has cut 35 positions and seen one of its upper management types resign.
A bad day in publishing translates to a really bad day for literary agents, which makes an even worse day for authors.
At The Writer's Edge, Richard Curtis is really sorry to say "I told you so."
And, since we're all crying in our beer, why not take a moment to enjoy something on the lighter side.
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