book2book

  booktrade.info

Search Booktrade.info:  


Friday 12th February

Book2book Home Book Trade News Trade Announcements Bestseller Lists About Booktrade.info

Houghton Mifflin Files For Bankruptcy

Posted at 5:37PM Monday 21 May 2012

Publisher Houghton Mifflin Harcourt filed for Chapter 11 bankruptcy protection Monday but expects to emerge from restructuring by the end of June.

The Boston company said in a statement that it expects to eliminate $3.1 billion of debt through a debt-to-equity transaction that is backed by the "vast majority of key financial stakeholders."

The filing, made in a New York bankruptcy court and expected for weeks, will not affect Houghton Mifflin's daily operations nor its employees' pay and benefits, the company said.

L A Times

PW

and more in PW




Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more


Search the news archive:
 






More Book Trade News

Havana Book Fair Opens With First Contingent Of American Publishers
www.publishersweekly.com

The American Book Exposition has arrived

Profits at S&S Up Nearly 13% in 2015
www.publishersweekly.com

A strong fourth quarter helped Simon & Schuster finish 2015 with a $2 million increase in revenue over 2014

After Eight Year Slump, 2015 US Bookstore Sales Rise
www.publishersweekly.com

Bookstores sales rose 2.5% in 2015, marking the first time since 2007 that sales in the sector were up

Amazon Buries Zombie Apocalypse Clause In Terms Of Service
europe.newsweek.com

If the world succumbs to a plague of flesh-eating zombies, the last thing you'll probably be thinking about is your terms of service with Amazon . . .

Bruce Springsteen gets $10 million for upcoming born-to-runaway bestseller
www.mhpbooks.com

Unsurprisingly, the completion of the book has received tons of attention

Richard Dawkins Suffers Stroke, Pulls Out Of Writers' Week
adelaidereview.com.au

Expected to make a full or near-full recovery

Account Sign-In

Most Popular Stories

  1. Waterstones Children's Book Prize 2016 Shortlist
  2. Amazon: Only 40 Self-published Authors 'Make Money'
  3. Queen Of Teen Dethroned
  4. Waterstones Children's Book Prize 2016 Shortlists Announced
  5. Richard Dawkins Suffers Stroke, Pulls Out Of Writers' Week
  6. Amazon Buys 26% In Tatas' Publishing Co Westland
  7. Phone Box Library At Elsworth Is Reprieved
  8. HBG Rebounds In Fourth Quarter
  9. BSFA Awards 2015 Shortlist announced
  10. Aaron Sorkin To Adapt Harper Lee's To Kill A Mockingbird For Broadway