Macmillan Cuts 64 Positions; FSG's Subsidiary Rights Department to Merge With Henry Holt's

Still no official word from Farrar, Straus & Giroux about the layoffs that were announced today, but Media Mob has confirmed that director of subsidiary rights Michael Hathaway's position has been eliminated. What that means for the sub rights department at FSG is not entirely clear, though it looks like it will be merged in some fashion with that of Henry Holt, another adult trade imprint under the Macmillan umbrella that publishes high quality fiction and non-fiction in hardcover. Holt's director of sub rights Denise Cronin will head the joint operation.

FSG's children's division, meanwhile, has apparently been all but decimated and will be incorporated in some form into the new Macmillan Children's Publishing Group. According to Publishers Weekly, the new children's group will be overseen by Dan Farley, who has been with the company as president and publisher of Henry Holt since February of last year. The PW item says 64 positions have been cut across Macmillan, which amounts to 4% of the company's workforce.

FSG publisher Jonathan Galassi is expected to issue a statement this afternoon.