Tuesday, July 28th17.5°C
27107
24949

Hachette Book Group, publisher of JK Rowling and Stephen Colbert, announces layoffs

NEW YORK, N.Y. - J.K. Rowling's publisher is laying off some employees amid a dispute with the industry's biggest book seller. Hachette Book Group cites a "changing marketplace" for layoffs that will affect less than 3 per cent of its staff.

Hachette also publishes Stephenie Meyer, Stephen Colbert and other authors. It released a statement Thursday saying staff reductions were necessary for it to improve "resilience" in difficult times.

Hachette says the layoffs were planned before its recent standoff with Amazon.com. The Seattle-based online retailer has been restricting the availability of many Hachette books, reportedly because of a disagreement with the New York-based publisher over terms for e-books.

Hachette is owned by the French conglomerate Lagardere, which in May reported a 6.2 per cent drop in worldwide sales for the first quarter of this year.

The Canadian Press


Read more Business News

26764


Recent Trending




Today's Market
S&P TSX14001.37-184.87
S&P CDNX581.71-10.78
DJIA17440.59-127.94
Nasdaq5039.78-48.85
S&P 5002067.64-12.01
CDN Dollar0.7681+0.0012
Gold1093.90+8.30
Oil47.54-0.31
Lumber258.10+0.40
Natural Gas2.791+0.002

 
Okanagan Companies
Pacific Safety0.18-0.01
Knighthawk0.010.00
QHR Technologies Inc1.36-0.04
Cantex0.05+0.00
Anavex Life Sciences0.91+0.13
Metalex Ventures0.06-0.01
Russel Metals19.45-1.73
Copper Mountain Mining0.80-0.03
Colorado Resources0.06+0.00
ReliaBrand Inc0.0045-0.0022
Sunrise Resources Ltd0.03+0.01
Mission Ready Services0.15+0.00
Decisive Dividend Corp2.70-0.05

 





FEATURED Property
202582715686 Whiskey Cove Road
3 bedrooms 3 baths
$7,500,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_



26509




Member of BC Press Council


24843