Bankrupt publisher saved by B.C. competitor
Harbour Publishing steps in to save Douglas & McIntyre
The Canadian Press
Posted: Feb 6, 2013 6:01 PM PT
Last Updated: Feb 6, 2013 9:41 PM PT
B.C.-based publishing house Douglas & McIntyre, which faced an uncertain future after its owner entered bankruptcy protection, has been sold to another publishing company and will continue operating.
D&M Publishers Inc. announced its financial troubles late last year, setting off a restructuring that saw its two imprints, Douglas & McIntyre and Greystone Books, separated and sold.
Harbour Publishing, based on B.C.'s Sunshine Coast, says it has reached a deal to purchase Douglas & McIntyre's assets, saving the storied publishing imprint.
Last week, D&M announced it reached a separate agreement to sell Greystone Books to B.C.-based Heritage House Publishing.
Douglas & McIntyre was founded in 1971 by Jim Douglas and Scott McIntyre and has since published roughly 500 titles.
Greystone was founded in 1993.
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