STATUS: Harbinger of bad news I’m afraid.
What’s playing on the iPod right now? O HOLY NIGHT by Paul Potts
(I haven’t transferred the holiday music to the iPod yet but this one was still on there from last December.)
Ack! Computers. I can deal with it. Ack! Publishers. I don’t want to deal with this. This just off the news wires folks. This is the first time I’ve seen this. Now, granted, I’ve only been in publishing for the last 7 years so really, just a baby amount of time, but I’m talking with some agent friends who have been around for a lot longer and it’s the first time they’ve seen this as well.
This might be an interesting ride over the next 6 months…
From Publishers Weekly
Article by Rachel Deahl
[excerpt]It’s been clear for months that it will be a not-so-merry holiday season for publishers, but at least one house has gone so far as to halt acquisitions. PW has learned that Houghton Mifflin Harcourt has asked its editors to stop buying books.
Josef Blumenfeld, v-p of communications for HMH, confirmed that the publisher has “temporarily stopped acquiring manuscripts.” The directive was given verbally to a handful of executives and, according to Blumenfeld, is “not a permanent change.” Blumenfeld, who hedged on when the ban might be lifted, said that the right project could still go in front of the editorial review board. He maintained that the decision is less about taking drastic measures than conducting good business.
Here’s the link to the full article.