HMH Places "Temporary" Halt on Acquisitions
It’s been clear for months that it will be a not-so-merry holiday season for publishers, but at least one house has gone so far as to halt acquisitions. PW has learned that Houghton Mifflin Harcourt has asked its editors to stop buying books.
Josef Blumenfeld, v-p of communications for HMH, confirmed that the publisher has “temporarily stopped acquiring manuscripts.” The directive was given verbally to a handful of executives and, according to Blumenfeld, is “not a permanent change.”
--Rachel Deahl for Publishers Weekly