Bleecker Street publishing house to cut its employees and sell its assets
Bleak House Publishing House will cease publishing books this month as it faces mounting financial pressure from Amazon.
The company has been unable to sell some books at bargain prices and is in the process of selling off its remaining titles.
The publishing house’s founder and president, Mark Bleeker, said he will retire at the end of March and the rest of the company’s staff will be cut as well.
The layoffs are part of a reorganization plan to focus on the business, which Bleecher called “the worst time for the company in more than 20 years.”
The company, which has been struggling with a $300 million loan for its publishing division, announced plans to cut staff by 40 percent in March.
Amazon declined to comment on Bleecer’s plans.
The publisher has been dealing with a number of other problems, including a lack of revenue, slowing sales and a decline in its bookstores, according to Bleeberker.
In February, Bleekeers new company, Booksellers Bookstore Group, announced it would sell its publishing rights to a private equity firm.
The booksellers group, which also owns The New York Times Book Review, The New Yorker and other publishers, plans to close down its bookshops in late May, according with the announcement.
Amazon, which owns The Washington Times, The Boston Globe, The Wall Street Journal, The Atlantic Monthly and other publications, has been increasing its reliance on publishing deals with smaller publishers.
Amazon’s recent acquisition of Penguin Random House, which publishes literary fiction and nonfiction, and the sale of Simon & Fisher is part of an effort to diversify the company.
The Amazon acquisition is expected to bring Amazon’s total publishing and publishing-related businesses to more than $200 billion.
Bleechers new publisher, the Chicago-based publisher BleakHouse Publishing, will continue to publish books.
The new company will also publish books by others including The New Republic, the University of Chicago Press and The New England Quarterly Review.
The Bleekers publishing house was founded in 1989 by Bleeckers wife, Patricia, who co-founded The New Jersey Times in 1976.
She later sold the publishing company to her brother, Charles, who founded Bleexton House Publishers in 1988.
Charles Bleechner was a co-founder of the publishing firm.
In 2009, he bought the publishing house and renamed it Bleecki Publishing.
The two brothers, along with their brother-in-law, James Bleecha, have been in charge of the Bleekes publishing company since 1989.
They also have a publishing and consulting business in Chicago.
Blees publishers are publishing a collection of Bleeks books called The Bibliographies of Books.
Buecker’s wife, Patti, who is also a publisher, said the publishing and book-buying operations are separate businesses.
The publishers will remain in Chicago to continue to make the Bibliographical books, she said.
Boehr and Bleeki’s publishing house is based in Brooklyn.
The house has published books by authors such as Michael Chabon, John Updike, Thomas Pynchon, William Faulkner, Mark Twain, Ayn Rand, J.K. Rowling, Salman Rushdie, Jane Austen, Elizabeth Gilbert, Mark L. Hamill, Thomas Hardy, John Steinbeck, George Orwell, Robert Heinlein, William Gibson, Mark Lawrence, James Joyce, William Golding, Joseph Heller, William Hope Hodgson, William James, Stephen King, Mark Judge, Charles Bukowski, James M. Cain, Jack Kerouac, David Mamet, David Sedaris, Thomas Wolfe, Neil Gaiman, Robert Louis Stevenson, Mark Walther, John Waters, Thomas W. Walsh, James Wright, James Woolf, Stephen Wolfram, William Wordsworth, George Wyndham, Robert Zemeckis, Mark Yglesias, Thomas Yager, Margaret Atwood, David Foster Wallace, James Baldwin, Elizabeth Bishop, Elizabeth Banks, Salman Khan, David Bowie, Salman Khanna, David Burtka, William Butler Yeats, Anthony Burgess, Robert Coover, Jack London, Richard Bachman, Samuel Beckett, Mark Haddon Turner, Charles M. Schulz, Pauline Kael, Elizabeth Kolbert, Margaret Sanger, George Stigler, John Tenniel, Anthony Hopkins, Susan B. Anthony, Susan Borden, John T. Smith, Michael Chaney, George C. Scott, George H. W. Bush, James H. Terrill, James A. Robinson, Jack Ryan, David Copperfield, John C. Reilly, Michael Ondaatje, Peter Ostrander, David Ogilvy, Michael Cimino, James Woods, Jack Lemmon, Michael Pollan, Richard Gere, Anne McCaffrey, and Michael Porter.
Bileys last book was the memoir “The