Penguin Random House Grupo Editorial announced Friday it has agreed to purchase the remaining minority stake of 15.6% of PRH Grupo Editorial Portugal from Manuel de Freitas and his family. De Freitas had retained that share when selling the 20|20 Editora group to PRH in 2021. With that transaction, de Freitas leaves the company, where he […]
Personnel
Callisto Slashes Workforce Again, Continues With Modest Crew
Three months after Callisto Media laid off 35 percent of its staff, the company instituted another deep round of cuts Monday—this time approximately 200 positions, or around 70 percent of its workforce—in all departments. An estimated 60 employees remain in the book-making departments (editorial, marketing, design, etc.). Access to internal systems, other than email, was […]
HarperCollins Institutes Layoffs, Hiring Freeze due to “Cost Pressures”
HarperCollins has eliminated positions and paused hiring due to financial pressures, the company confirmed to PL on Thursday. They shared the following statement: “The business is facing continued cost pressures, including price increases related to printing, production, freight and distribution, and we are taking decisive steps to operate as efficiently as possible. As part of […]
Yaged Begins Running Macmillan
President of Macmillan Publishers US Jon Yaged has taken over the day-to-day duties of running the company, ceo Don Weisberg told employees today. In May, Weisberg announced that he would step aside as ceo and Yaged would assume the title at the end of the year. Today’s announcement is part of “continuing the CEO transition.” […]
Metropolitan Books to be Disbanded
Co-founder of Metropolitan Books and current svp, publisher Sara Bershtel and “other staff” at Metropolitan “will be leaving” on October 14, Macmillan confirmed to Publishers Lunch after we learned that the respected imprint would be closed and inquired for details. Longtime Metropolitan editor and associate publisher Riva Hocherman will remain and work for Holt, we […]
People: Indigo Promotes Ruis to CEO
Indigo Books president Peter Ruis, who joined the company in early 2021, has been promoted to CEO and joins the company’s board as well. Controlling owner Heather Reisman relinquishes the leadership role and takes the position of executive chair, where she will “continue to drive Indigo’s vision and growth strategy while also remaining deeply involved […]