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Perseus, Nelson, scholastic tighten belts in rough market: the current mantra; fewer books, but more sales per book. (News).

Publishers Weekly

| February 17, 2003 | Milliot, Jim; Zeitchik, Steven | (Hide copyright information)Copyright

THE PERSEUS BOOKS GROUP, Thomas Nelson and Scholastic, three publishers that operate in different segments of the publishing industry, all took actions last week to shore up their operations in what continues to be a challenging business environment.

In a move that continues the streamlining of its operations, the Perseus Books Group is integrating its Perseus Publishing imprint into its Basic Books and Da Capo Press imprints. The restructuring will be accompanied by a 7% reduction in the title output at Perseus, to 625 titles, a figure that includes titles being developed under the new Running Press Kids imprint. The title cuts will come in all publishing categories, with no segment targeted or deep reductions.

Under the reorganization, all Perseus Publishing science, business and general nonfiction titles will be published under the Basic Books umbrella as Perseus Basic Books. Health, parenting and reference/how-to books will be published as Perseus Da Capo Press books. The restructuring will result in the departure of three of …

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