Publishing News

Hachette Book Group is reor­ganizing. The Hachette Books non-fiction line will be folded into Perseus Books with the departure of founder Mauro DiPreta. Da Capo Press, a Per­seus imprint, is in turn becoming part of Hachette Books, with Da Capo publisher John Radziewicz retiring. Susan Weinberg will be acting publisher until a new publisher is chosen. “Several positions” are being eliminated as part of the consolidation.

Dark Horse Comics CEO and founder Mike Richardson sold a large stake in the company, re­ported at around $20 million, to Vanguard Vision­ary Assets, a Hong-Kong based company; Stanley Cheung will join the five-person board of Dark Horse for Vanguard. Richardson says he kept a “large chunk” of the company, but it’s unclear whether he retains a majority share. He says Van­guard invested in “a number of area, including a stock purchase… a development fund and a film fund,” and that he “did this deal to accelerate com­pany growth. Nothing like cash and new markets to help with that task.” Dark Horse hopes to expand significantly in China.

Medallion Press has filed for Chapter 7 bank­ruptcy liquidation, claiming “financial difficulties due, in part, to the difficulties facing the publishing industry.” Medallion Press assets include $254,000 in an Ingram Publisher Services warehouse, and $67,000 in cash. They owe around $111,000 in un­secured claims.

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