Weinstein Books Remains Afloat

September 10, 2009
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September 10 – September 17, 2009 Edition

Weinstein Books Remains Afloat

NEW YORK, NY/Authorlink News/09/10/09–Weinstein Books, rumored to possibly close under financial strains, does not have plans to shut down, according to publisher Judy Hottensen. However, one editor has been laid off, leaving a staff of four.

"We are, as the rest of the publishing world is, keeping our overhead very tight," Hottensen told the trade media. She said the company, which publishes about 15 titles per year, is still looking for books to acquire.

Weinstein Books was formed in 2007 by Bob and Harvey Weinstein, who also founded of Miramax Books, owned by Disney, and later split to form Weinstein Books. <http://online.wsj.com/article/SB124423991126490185.html> The Wall Street Journal and other newspapers have confirmed that the Weinsteins have hired the financial consulting firm Miller Buckfire & Co. to recommend possible restructuring or refinancing.

Publisher Hottensen has been at the helm since April 2008 when CEO Rob Weisbach left the company.

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