From Publishers Weekly:
Penguin Group chairman and CEO John Makinson sent a memo to all employees Tuesday, a year-end summary that had some positive remarks but was largely somber. Among Makinson’s announcements: the company will not give pay raises to anyone earning $50,000 or £30,000 or more (or the equivalent in another currency) in the new year. [more...]
[via Book2Book]
Book Oven is dedicated to finding new ways to bring people and texts together. Bite-Size Edits is a thing we built to connect readers, writers and editors, all in the name of making better sentences.
Have a writing project?
Have editing skills?
Try Bite-Size Edits and tell us what you think!
This blog explores our relationship with text in the digital age. Blog posts written mostly by Hugh. [more...]
Talk to us:
10 Comments
£30,000 and living in London is going to make a few cats skinny.
no kidding…!
you can get a curry at the pub for 30,000 :)
or a nice fry up
i think you could throw in a pint of real cask ale too, and have some change left over. but not much change.
and of course on 30k you’re not really living in london, you’re on the train
this comment thread is like twitter (or identi.ca) … ;-)
and i’m getting very hungry and thirsty reading it.
I wouldn’t mind a dhosa myself–filled with potatoes, and very little fat.
The book industry always faces challenges–but this challenge appears to require a lot of restructuring to resolve.
Yet it’s not alone in challenges. I read in my newspaper today that 1 in 10 homeowners here in Texas is or will be in foreclosure soon. A pay freeze is a horrible thing, but it is a year of horrible things. My best wishes to the Penguin employees, that things right themselves in a new and workable business model soon.
the tough thing for the publishing business is that they were *already* in trouble before the rug came out from under the economic system. so things will be doubly tough on them.
the good thing is that people still want to read; people still want to write, and there are more technologies than ever to help both readers and writers do what they wish to do…