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Posts Tagged ‘Houghton Mifflin Harcourt’

Houghton Mifflin Harcourt Emerges from Bankruptcy

Thirty-two days after filing a pre-packaged bankruptcy to redistribute the company’s $3.1 billion in debt, Houghton Mifflin Harcourt has emerged from bankruptcy.

CEO Linda K. Zecher had this statement: “We have achieved our financial restructuring objectives and moved through this process quickly and successfully. Now we have emerged with significantly less debt, a much improved balance sheet and capital structure and the financial strength to invest in new products and innovative digital education solutions to grow our business for the benefit of our customers.  Our emergence reflects the dedication of our team and the strong support of our investors and lenders to position HMH for long-term success.”

The official announcement was made last Friday, one day after the U.S. Bankruptcy Court for the Southern District of New York approved the publisher’s restructuring plan. The company filed the planned bankruptcy in May, predicting a “a prompt, court-supervised, chapter 11 process.”

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Eamon Dolan To Helm New Houghton Mifflin Harcourt Imprint

Eamon Dolan will leave Penguin Press to run his own imprint at Houghton Mifflin Harcourt. According to The New York Times, Dolan’s imprint will be called “Eamon Dolan Books.” The imprint will publish ten narrative and serious nonfiction books every year.

Here’s more from the article: “Before Mr. Dolan joined the Penguin Press in 2007, he was editor in chief at Houghton Mifflin Harcourt. While at Houghton Mifflin Harcourt, Mr. Dolan edited Fast Food Nation by Eric Schlosser, How Doctors Think by Jerome Groopman and 3 Nights in August by Buzz Bissinger, among other best-sellers.”

Dolan will begin his new role on June 13th. At Penguin, Dolan was demoted from editor-in-chief to executive editor due to the recent hiring of Scott Moyers.

Bi Feiyu Wins the 2010 Man Asian Literary Prize

Chinese novelist Bi Feiyu (pictured, via) has won the 2010 Man Asian Literary Prize for his novel, Three Sisters. The author accepted the award and $30,000 in prize money during a ceremony held in Hong Kong.

The novel’s translators, Howard Goldblatt and Sylvia Li-chun Lin, split a $5,000 award. Houghton Mifflin Harcourt published an English translation of Three Sisters last August.

Here’s more from the press release: “The Man Asian Literary Prize was founded in 2007. It is an annual literary award given to the best novel by an Asian writer, either written in English or translated into English, and published in the previous calendar year. The judges choose a longlist of 10 to 15 titles announced in December, followed by a shortlist of 5 to 6 titles announced in February, and a winner is awarded in March.” (via Shelf Awareness)

Houghton Mifflin Harcourt Announces Best American Series’ Guest Editors

Houghton Mifflin Harcourt has announced the seven guest editors for its Best American series. Shelf-Life offered the complete list:

The Best American Short Stories: Geraldine Brooks
The Best American Essays: Edwidge Danticat
The Best American Comics: Alison Bechdel
The Best American Nonrequired Reading: Dave Eggers (with an introduction by Guillermo del Toro)
The Best American Travel Writing: Sloane Crosley
The Best American Science and Nature Writing: Mary Roach
The Best American Sports Writing: Jane Leavy

The Sun Herald has more details about the guest editors’ backgrounds. In years past, the series has also published in the categories of mystery stories, recipes, and spiritual writing.

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