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The senior vice president and publisher of adult trade books at Houghton Mifflin Harcourt has quit, effective Dec 10.
US publisher Houghton Mifflin Harcourt 'has asked its editors to stop buying books', reports PW.
Houghton Mifflin Harcourt is the first major US publisher to release an application to make its content available on the iPhone.
In the US, Houghton Mifflin has announced that it will sell its college division to Cengage, in a deal worth up to US$750 million.
The sale of Harcourt's US education business to Houghton Mifflin/Riverdeep has passed all regulatory hurdles and is now only dependent on Riverdeep finalising its financing for the US$4 billion deal.
The sale of Harcourt's US education business to Houghton Mifflin is on track and is expected to conclude late this year or early in 2008.
Houghton Mifflin's private equity owner Riverdeep is looking for backers for a US$7 billion loan to finance its takeover of some of Harcourts assets in the US.
Follwing last week's announcement that Houghton Mifflin will buy Hacourt's US operations, questions are being asked about the future of the Harcourt trade list in the US.
The US schools publishing businesses of Harcourt have been sold to competitor Houghton Mifflin Riverdeep for US$4 billion (A$4.4 billion). The purchase concludes the sale by Reed Elsevier o...