Ups and Downs

The first story in today's Publisher's Lunch: various German PHBs make scary noises about selling off what's now known as "Direct Group North America," from a Financial Times story that talks about "falling profits and the possibility of having to write down the value of recent US acquisitions...Problems merging existing US units...." This is mere months after they spent good money to buy the half of the book-club business that they didn't already own.

No comment.

Story #2: "Professional/Trade Helps Wiley to Good Quarter"

Life is good.