Only a few months after the Perseus/Avalon reorganizion closed down Carroll & Graf and Thunder's Mouth - sending former C&G editor Will Balliett to Da Capo as executive director - he's now gone and left for Hyperion, where PW Daily reports he will take the reins as editorial director. Will Schwalbe, senior v-p and editor-in-chief of Hyperion, made the announcement today, calling Balliett "one of the most creative and admired figures in publishing." Schwalbe said Balliett will acquire and edit books for Hyperion and manage the editorial process, beginning August 8.

"Given my own history in publishing, the dynamic and enormously talented company being led by Bob Miller, Ellen Archer and Will Schwalbe just felt like a perfect home for me," said Balliett. "There's great passion and chemistry, with a track record to match, and I couldn't be more excited about what we're going to be doing together."