Book Publishers feel the Pressure

Many of the big publishers in the book business are trimming costs and reducing staff because of poor book sales. The New York Times reported such companies as Simon and Schuster, Houghton Mifflin Harcourt, Bertesmann, Doubleday and Bantam Dell all making difficult choices and stating it is the worst retailing environment in memory. Although book sales through September were actually up slightly, October and November witnessed deterioration in sales.