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Publisher victim of ebooks

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Business News | Sunday July 28 2013 13:45

Publisher victim of ebooks

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A book publisher has become a victim of the rapid growth of ebooks, among other changes challenging the industry.

Hachette is restructuring its New Zealand business, moving its finance, administration, and IT functions to Australia.

It is also closing its New Zealand publishing unit.

12 jobs will go.

Chairman Malcolm Edwards says Hachette New Zealand will become solely focused on the marketing, promotion and sales of its international titles and the New Zealand backlist.

He says the changes have followed the diminution of the business in New Zealand, caused largely by the increased sourcing of books from overseas, at the expense of the local trade, and the rapid growth of ebooks.

Photo: Stock.xchng

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