After a long and brave battle John Sargent, CEO of Macmillan decided he could no longer hold off the terribly misguided DOJ, announcing today that Macmillan is settling. We understand the onerous situation he was in. We are deeply grateful to him for trying. We applaud him for his courage. A victory would have been a huge step towards strengthening our book culture and the well being of authors, illustrators and bricks and mortar bookstores. It is not to be.
In a letter to booksellers he wrote, “Please see the attached letter to authors, illustrators and agents about our decision to settle our suit with the Department of Justice. This is just a quick note to say thank you directly. Many, many of you have supported Macmillan, and me, both privately and publicly over these last months. I just wanted to let you know that we deeply appreciate it.”
Here is his letter in full:
posted by Suzy