According to the NY Observer, Rebecca Saletan, adult trade publisher at Houghton Mifflin Harcourt, has resigned. The AP has more.

This comes after the recent bombshell announcement that the house has frozen new acquisitions. Josef Blumenfeld, Vice President of Communications at the publisher, explained to PW: "In this case it's a symbol of doing things smarter; it's not an indicator of the end of literature ... We have turned off the spigot, but we have a very robust pipeline."

From the NY Observer report: "Ms. Saletan's resignation is sure to encourage rumors that the C.E.O. of HMH's parent company, a man named Barry O'Callaghan whose core business in K-12 textbooks is not generating enough money to offset his massive debt, will sell the trade division and its illustrious backlist."