After two “tough” years, the UK’s Atlantic Books has announced “a significant financial and organizational restructuring.” Shareholders are providing “substantial new funding, and editor-in-chief since 2007 Ravi Mirchandani is leaving “by mutual agreement.” The Bookseller says that minority shareholder Allen and Unwin has increased their investment to a majority share of the company. CEO Toby Mundy tells the magazine their results for 2012 were “pretty horrible” but says the new investment “puts us on much more stable footing, after a month or two of uncertainty. Although I’m very sad to be seeing some good people go, the change is good news […]
