Saturday, December 20, 2008
Again, Happy Holidays, and thank you for all you've done to make my dreams come true.
Wednesday, December 17, 2008
Thursday, December 11, 2008
Recent new articles tell a different story around the industry. For instance:
-Simon & Schuster cut 2% of its total workforce.
-Michael Hyatt announced that Thomas Nelson is cutting 10% of its workforce.
-Random House axed some of its top people and announced it is restructuring--and will disband the Doubleday Publishing Group.
-It has been reported that Houghton Mifflin Harcourt has let go of several employees (the company doesn't comment on personnel matters). Becky Saletan, the publisher, has been let go.
-Borders' stock price fell under one dollar. That's a very bad thing--if their stock price stays under $1 for ninety days, they have to do a consolidation of stock (the opposite of a stock split).
-Doubleday reported that The Gargoyle, a first novel for which it paid $1.25 million in advances, flopped, selling 34,000 copies.
-Penguin Group chairman and CEO John Makinson there will be no pay raises this year. He said he cannot guarantee there will be no job losses or layoffs in the coming year.
-Macmillan US Chief John Sargent set a pay freeze for all employees.
-Chronicle Books laid off 5% of it's staff last Monday.
I hate to see this happening but for those few authors who are signed with Tate Publishing, and for our incredible staff of dozens and dozens of fine professionals we are grateful for our growth which is a result of our hard work and the hard work of our fine authors. We are planning for a banner year in 2009.
Wednesday, December 3, 2008
Hallelujah! Again, thank you so much for this opportunity. Every step of the way at Tate Publishing has been a joy. Every one of the staff I interacted with were so easy to work with and so accommodating. You truly have made our dreams come true! K.K.
Monday, December 1, 2008
As he spoke on, I kept glancing at a small item I have had on my desk for years. It is a simple acorn. A little tiny acorn. It is a constant reminder to me that all great achievements start small and with nurture and persistence they can become a mighty oak. As the old parable states when the man asked God to make him like a mighty oak, God answered, "Certainly," and gave him an acorn. Starting as a published author is so similar. You must work with us as your publisher to get the book done well, produced beautifully, marketed with enthusiasm, and then watch it grow. Eventually you have a mighty oak that casts benefit and shade to all who gather under it's branches. The pages of your book is filled with leaves. The leaves of a book and the leaves of a mighty oak tree are so similar. They both take time and lot's of effort. We partner together to make that happen. We are gratified to have been informed that in 2009 we will be one of the top ten book sellers in the industry with the world's largest book wholesaler. It did not happen overnight. Remember the lesson of the acorn. We have.