Douglas & McIntyre announces sale of its flagship imprint
Just days after its Greystone imprint was acquired by Victoria-based Heritage House, troubled local publisher Douglas & McIntyre has announced today that it will be selling the assets of its flagship imprint, Douglas & McIntyre, to Madeira Park’s Harbour Publishing.
In a media release, Harbour owner Howard White declares his company is set on preserving the full scope of D&M’s national publishing program and backlist. The plan is to make the transition with no interruption to D&M’s sales.
D&M president Scott McIntyre says he’s especially happy that the company he cofounded in 1970, but which ran into serious financial challenges last October, will remain in local hands.
“I am particularly pleased that both imprints will go forward under new British Columbia ownership with energetic ongoing publishing programs,” McIntyre states in the release, which notes that the sale will likely take place later this month. “It is a bonus that both will remain blessed by superior national sales and distribution support. In perilous times for independent publishers everywhere, this is very good news for our writers, for their books, for the legacy of D&M’s forty year publishing record, and for Canada.”