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Old 11-25-2008, 04:44 PM   #1
Taylor514ce
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Houghton Mifflin Harcourt acquisition freeze

According to a Wall Street Journal report by Jeffrey A. Trachtenberg, Houghton Mifflin Harcourt will stop acquiring new books until further notice.

A spokesman said "We have a temporary freeze on... We are working on what we already have".

The article attributes the unusual and curious move to general industry slowdown in book buying, then gives figures for national book chains Barnes & Noble Inc and Borders Group Inc. Sales were down 2% in September and down 1.5% for the year.
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