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Posts Tagged ‘Octavio Paz’

Skyhorse Acquires Arcade Publishing’s Assets at Auction

Skyhorse.jpgSkyhorse Publishing acquired Arcade Publishing’s assets at the price of $548,000 in an auction. Publishers Weekly reports that Skyhorse is “thrilled” with the addition of Arcade’s list–which includes major authors like Octavio Paz, Samuel Beckett, and Elie Wiesel.

GalleyCat reported back in June 2009 when Arcade Publishing filed for bankruptcy. The company was founded in 1988 by Richard Seaver and his wife, Jeannette. After his death in 2008, the press struggled in the midst of the tough economic climate.

The article explains: “A Skyhorse spokesperson said the publisher is considering using the Arcade name for its more literary titles, but had not reached a final decision. The company will announce in the next few weeks when Arcade titles will be available to the trade.”

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Arcade Publishing Files for Bankruptcy

arcadelogo.jpgArcade Publishing has filed for bankruptcy, Crain‘s reports while analyzing the publisher’s filing in U.S. Bankruptcy Court in the Southern District of New York.

When Arcade’s publisher and co-founder Richard Seaver died in January, the press floundered during a rough year for all publishers. Seaver and his wife founded the press 20 years ago, and the stunning author list includes Bertolt Brecht, Raymond Chandler, and Octavio Paz. The filing stressed that the company’s would attempt a “reorganization” that could carry the publisher through these tough times.

Here’s more from the article: “Among its biggest creditors are Little Brown & Co., which distributes Arcade books. Arcade owes the publisher $243,932 for a loan, and $242,876 under its distribution agreement. The publisher also owes $25,779 to one of its authors, the Indian politician and novelist Shashi Tharoor.” (Via Literary Saloon)