From the Washington Post this morning and as reported Monday on the Publishers Weekly Web site, the publisher has told its editors to stop acquiring books.
Several sources site this move as the first time a publisher has decided to freeze acquisitions. Books in the pipeline will continue, but anything new? It’s temporarily off the table.
Houghton Miflin Harcourt isn’t big into romance, but does have a YA division, so the move won’t immediately affect romance.
Romance publishers generally keep sales a Big Secret, seldom even sharing stats with authors (not to even mention that nobody knows anything about Wal-Mart), but Industry reports are that romance sales are not as robust right now as they have been in years past.
Which wouldn’t be a big surprise since sales of everything are down.
Gee, Happy Thanksgiving everyone!