Login

Or
Register Now


Already have an account?
Username:

Password:

Remember me

Lost Your Password?
Main Menu
Collector's Guide Table of Contents
Recent Visitors

laurel
19 minutes ago

Trotter
29 minutes ago

wellinghall
1 hour 5 minutes ago

Deagol
1 hour 18 minutes ago

Tapuvae
4 hours 34 minutes ago

Karl
6 hours 59 minutes ago

Jlong
7 hours 40 minutes ago

Khamûl
10 hours 15 minutes ago


« 1 ... 1628 1629 1630 (1631) 1632 1633 1634 ... 2220 »


Re: Houghton-Mifflin Harcourt
Shirrif
Joined:
2006/6/5 22:04
From Essex, England
Group:
Shirefolk
Fellowship
Shirrif
Posts: 1653
Offline
It does not look like things have got a lot better in the last year.


CORRECTED - (OFFICIAL)-Houghton Mifflin owner in debt talks

By Jonathan Stempel


NEW YORK, Jan 14 (Reuters) - The parent of textbook publisher Houghton Mifflin Harcourt Publishing Co is in advanced talks to slash its estimated $7 billion debt load by 60 percent, its second debt restructuring in less than a year.

The talks by Education Media and Publishing Group Ltd come as textbook publishers face potential sales declines because state and local governments are limiting spending to cope with budget deficits linked to the weak economy.

Boston-based Houghton Mifflin specializes in textbooks for children from kindergarten to 12th grade. It also publishes Curious George books and the works of J.R.R. Tolkien, including "The Lord of the Rings." The company dates back to 1832.

Houghton Mifflin spokesman Josef Blumenfeld said the restructuring contemplates that equity investors in closely-held Education Media would see their interests "impaired," while retaining their interests in a separate entity, Education Media and Publishing Group International.

He said the restructuring should take place "in the coming weeks."

Speaking to a radio station in Dublin, Ireland, where Education Media has offices, Chairman Barry O'Callaghan on Thursday said equity investors have already seen their holdings tumble in value, and that his own paper losses are in the "hundreds of millions."

He nevertheless said the company would survive.

O'Callaghan is also Houghton Mifflin's chief executive, and a former Credit Suisse Group AG (CSGN.VX) and Morgan Stanley (MS.N) banker. Blumenfeld confirmed O'Callaghan's comments. O'Callaghan was not immediately available for an interview.

On Wednesday, Education Media had said it was in "advanced discussions regarding a comprehensive, consensual balance sheet restructuring."

It said a "substantial majority" of its most important lenders had agreed to a framework for the plan, which may increase working capital by more than $600 million.

Education Media underwent a debt restructuring in August.

In 2006, O'Callaghan's Riverdeep agreed to buy Houghton Mifflin from private equity firms Bain Capital LLC, Blackstone Group LP (BX.N) and Thomas H. Lee Partners LP [THL.UL] for $1.75 billion.

The combined company later bought Reed Elsevier NV's (ELSN.AS) Harcourt education business for roughly $4 billion.


http://www.reuters.com/article/idUSN1 ... 20100114?type=swissMktRpt

Posted on: 2010/1/17 14:41


Re: Tolkien Signatures on eBay???
Home away from home
Joined:
2006/11/24 11:12
Group:
Shirefolk
Fellowship
Posts: 655
Offline
I think this is their website, although it seems to be down just at the moment -

http://www.georgebayntun.com/

If anyone is interested, their contact details are -

George Bayntun
Manvers Street
BATH Somerset BA1 1JW
tel: 01225 466000 fax: 01225 482122

Occasional perusals of their shelves and website have revealed some very nice stuff there (although little or no Tolkien), but at equally "nice" prices!

- wellinghall

Posted on: 2010/1/17 11:27


Re: Tolkien Signatures on eBay???
Home away from home
Joined:
2007/4/29 5:29
Group:
Shirefolk
Fellowship
Posts: 626
Offline
Thanks, Wellinghall. Oddly, I can find nothing about Bayntuns on the net. It's good to know they're still going.

Posted on: 2010/1/17 11:11


Re: Tolkien Signatures on eBay???
Home away from home
Joined:
2006/11/24 11:12
Group:
Shirefolk
Fellowship
Posts: 655
Offline
Bayntun are still going - I pass their shop every time I go into Bath by train. I have to try very hard to stop myself going in!

- wellinghall

Posted on: 2010/1/17 3:58


Re: Tolkien Signatures on eBay???
Home away from home
Joined:
2007/4/29 5:29
Group:
Shirefolk
Fellowship
Posts: 626
Offline
Those pictures look distorted. Here's a better one -

http://www.abebooks.com/servlet/BookD ... rtby%3D2%26x%3D31%26y%3D8

(sorry - didn't realize the address was so long. It might be betterto go to abe and search for Tolkien and Bayntun)

The signature looks ok to me - if it were not, it certainly isn't one of the latest batch of bad forgeries. I've seen this set beforeI think; years ago. Come to think of it, I'm not sure if Bayntuns are still going. They are(or were) a firm of high repute. Their work is first class.

Posted on: 2010/1/17 3:07



 Top
« 1 ... 1628 1629 1630 (1631) 1632 1633 1634 ... 2220 »




© 2015 TolkienGuide.com and respective authors. Contact Us