HACHETTE PULL OUT HITS NZ MARKET – BUT BOOK TRADE OPTIMISTIC IN LONGER TERM
February 1st, 2014
NEW Zealand book trade executives are still arguing that the loss of two major publishing companies in its market last year will not depress purchases on the medium-term, despite figures showing a short-term dip in sales.When Hachette decided to pull out of New Zealand and Random House and Penguin announced a worldwide merger in July 2013, the country lost two of its traditional Big Four in publishing - Random House, Penguin, HarperCollins and Hachette – in one big blow. Nevertheless, at the time Catriona Ferguson, chief executive of the New Zealand Book ...
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