Thankfully wholesaler Bertrams is unaffected by this decision, and for them at least, it is business as usual.
In the meantime, and just to underlie how volatile the publishing business it, US publisher Houghton Mifflin Harcourt has closed its doors to any new acquisitions, in a move that has rattled agents throughout the industry. At the other end of the spectrum, it has emerged that the Hachette Group, whose stable encompasses names as Little Brown and Grand Central Publishing, are giving a bonus equivalent to one weeks salary to each of their employees.
If things were already bad for first time authors, struggling to find a deal, they were dealt an ever bigger blow when literary agent Esther Newberg said “It is seriously going to be a time for known commodities,” in case anyone might consider self publishing instead, she went on to say "I would hate to be starting out in the business.”
Even Google is not immune. The company is reducing its 10,000 strong army of contractors, in an effort to cut costs. A spokesman for the company admitted that they had been considering this for some time, since such staff, who make up a third of their workforce, are easier to shed.