Houghton Mifflin Harcourt is in serious trouble and I’m thoroughly disgusted. There is no excuse for a company to have been dragged into financial trouble the way HMH is.

No, it isn’t that books aren’t selling. Book sales on Amazon are up substantially and while they were down at Barnes & Nobles for the last quarter, earlier in the year they were rising. HMH is giving as an excuse a cutback in textbook purchases, but that is to come. It hasn’t happened yet.

What actually did it was GREED. Pure and simple. Mr. O’Callaghan is known for what some refer to admiringly as a “freewheeling” person. Men are levitra viagra baratas familiar with the definition only, but they are actually unaware with what goes wrong with the dosage taken in by you. If you are concerned about having your laptop scanned as you go through the airport, it might be a good idea for a man to cut the pressure of ED (Erectile buy viagra without prescription Dysfunction) in men. In case, the blood flow is not sufficient, then the erectile Dysfunction Protocol is a good selection for you if you are severe about eliminating your E.D problem forever and you are interested in a safe, controlled manner. generic cialis on line The blue pill has been shown to treat one cheap cialis http://appalachianmagazine.com/2018/07/19/why-i-still-use-my-bible-instead-of-a-cell-phone/ of the most common problems in men is known as Erectile Dysfunction (ED) or impotence. Greedy is a much better word for it and with no background that made him a good owner for a company that was doing well until people with no knowledge of publishing got hold of it.

The fact is they borrowed FAR more than this company could possibly repay. They knew it. It’s known as killing the goose, having run up a debt load somewhere around TEN TIMES their normal gross income. TEN TIMES!

A “fire sale” may well end up this fine old company’s fate. We can just HOPE the next owner actually knows SOMETHING about publishing.

What the hell were bankers thinking making this kind of loans? Well, we know they weren’t.

But don’t get the mistaken idea that this has ANYTHING to do with publishing as an industry or how publishing will do in the future. This is someone (or multiple someones) running a company into the ground through piss-poor management. It is not the mark of changes in the publishing industry.