Monday, November 24, 2008

Sign of the Times

and it's not a good one, either.

According to GalleyCat, Houghton Mifflin, one of the biggest New York publishers, has stopped acquiring new manuscripts. This is supposed to be a temporary measure, but it is still unnerving in these uncertain economic times.

We can only hope that the publishing industry as a whole will be able to weather this storm and come out stronger in the end.

No comments: