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      Chip MacGregor

      When he was in first grade, Chip hurried home one day and announced to his mother, “When I grow up, I’m going to be a book guy!” He clearly could see the future —from high school literary magazine editor to writing bestselling books, from speaking at writing and publishing conferences to representing renowned writers, Chip MacGregor is a book guy.

      October 10, 2008

      Ouch.

      by

      How bad are things on the financial side of publishing? Publisher's Lunch today offered some startling facts:

      -Barnes & Noble stock is down 19% from their high last month.

      -JohnWiley is off 25% during that same span.

      -Scholastic is down 26% since September 19th.

      -Amazon has lost 31% over that same time.

      -Hachette's parent company Lagardere is down 31.5%.

      -News Corp, which owns HarperCollins, is down 36%.

      -CBS, which owns Simon & Schuster, is down 40%.

      -Borders is down 44% in the past 30 days.

      -Books-a-Million is down 49% over that same time.

      -And PW Daily reported that Atlas & Co. has been forced to delay its Spring 2008 list due to economic issues.

      Ouch.

      Want some happier news? J.K. Rowling earned $300,000,000 in this past fiscal year, according to Forbes magazine.

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