Two independent UK publishers have reported difficult sales results (following the drop over at Quercus as well). Canongate’s 2011 sales fell 19 percent, to £10.8 million, and pre-tax profit was a meager £300,000, down 70 percent, with an operating loss after taxes. And that margin was boosted by £660,000 from the sale of their 70 percent share in Australia’s Text Publishing. The company blamed “Julian Assange’s failure to deliver the book he had contracted to produce,” without mentioning their decision to publish an unauthorized and ultimately unsuccessful version of his manuscript anyway. Faber and Faber said sales fell 8.4 percent, […]
