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Two Big Five publishers offer voluntary resignation/buyout

Hachette and HarperCollins have both announced voluntary programs to encourage long-time employees to resign or retire.

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Simon & Schuster exceeded $1 billion in sales for the first time ever in 2022—an increase of 18.5 percent over the prior year.

Simon & Schuster’s parent company, Paramount, is said to be shopping for a private equity buyer to avoid further antitrust scrutiny.

After being on strike for three months, the HarperCollins union has reached a tentative agreement with HarperCollins.

As of this writing, the union, which consists of about 200 HarperCollins employees, has been striking for 60 days.

Except for lead titles, HarperCollins will no longer send advance review copies (ARCs) in print format for children’s books.

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In a move likely related to PRH’s failure to acquire Simon & Schuster, Markus Dohle will step down from his position as CEO of Penguin Random House.

A large group of agents have signed an open letter supporting the HCP Union, which has been striking since Nov. 10.