Black Wednesday in Publishing

Well, looks like it’s Black Wednesday in the Publishing world. Random House issued a memo this morning, to the shock of many, detailing an immediate restructuring of the house into three major groups. Galley Cat has the details of the changes and we are hearing much panicked chatter from those on the inside about which employees the changes might make redundant (and sadly it looks to be more than a few). The New York Observer is reporting

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