Skyhorse Publishing acquired Arcade Publishing’s assets at the price of $548,000 in an auction. Publishers Weekly reports that Skyhorse is “thrilled” with the addition of Arcade’s list–which includes major authors like Octavio Paz, Samuel Beckett, and Elie Wiesel.
GalleyCat reported back in June 2009 when Arcade Publishing filed for bankruptcy. The company was founded in 1988 by Richard Seaver and his wife, Jeannette. After his death in 2008, the press struggled in the midst of the tough economic climate.
The article explains: “A Skyhorse spokesperson said the publisher is considering using the Arcade name for its more literary titles, but had not reached a final decision. The company will announce in the next few weeks when Arcade titles will be available to the trade.”