Michael Pietsch is leaving his post as the publisher of Little, Brown and Company and is becoming the CEO of the Hachette Book Group. He’ll officially replace his predecessor, David Young, on April 1.

Pietsch has an extensive literary background and as pointed out by The New York Times, he’s edited novelists like David Foster Wallace and James Patterson.

He told the newspaper: “It’s a bigger transition than I’ve ever made. The job of C.E.O. is much bigger than the job of a publisher. I get to drive the Maserati that David has built.”

According to the piece, Pietsch will report to Young through the transition date and will lead the company through a digital transition. It sounds like one of his first goals is to find his own replacement at Little, Brown which had been his employer since 1991.

Jonathan Franzen writing about his buddy David Foster Wallace? Sounds like crack to a certain breed of contemporary-lit fanboy (i.e., me), which might be why The New Yorker picked just such a piece by Franzen to lure readers into “liking” the magazine on Facebook. Well, I like you anyway, New Yorker—you don’t have to seduce me with theatrics. But thanks for the freebie. That and more of yesterday’s news:

• The New Yorker Using Facebook to Attract Long-Form Fans (via PRNewser)
• Public broadcasting emerges largely unscathed in federal budget compromise (via Romenesko)
• Univision to Add Two New Channels (via The Wall Street Journal)
• FairWarning Names Assistant Editor (via Talking Biz News)
• Clonts is new Pioneer Press business editor; Iverson was layoff (via Braublog)