2013 was a rough year for many UK independents, leading to the sale of Quercus to Little Brown UK, the reorganization of Atlantic Books (with Allen and Unwin taking a majority stake) and the sale of some of Osprey Publishing’s lines, to cite a few examples. Similarly, Faber and Faber has now announced results for the fiscal year ending March 2014, with sales falling 18 percent to £16.26 million and earnings swinging from more than £2 million in the previous year (when Faber had “record results”) to a small loss of £5,000. And the company says “market conditions have continued […]
