Friday, November 9, 2007

Don't Publish Your Book with Regnery!

Five authors are suing Regnery Publishers for running a scheme that deprives them of their profits. Regnery Publishing is a Washington imprint of conservative books and are owned by Eagle Publishing.
In the lawsuit the authors say that Eagle sells or gives away copies of their books to book clubs, newsletters and other organizations owned by Eagle “to avoid or substantially reduce royalty payments to authors.”

The authors argue that in reducing royalty payments, the publisher is maximizing its profits and the profits of its parent company at their expense.

“They’ve structured their business essentially as a scam and are defrauding their writers,” Mr. Miniter said in an interview, “causing a tremendous rift inside the conservative community.”


Source

I'm glad to see that the authors are not sitting back and taking it from their publisher. There are too many corporations out there that use subsidiaries of their business to conduct shady business dealings. I hope they get their money and the publisher gets hit hard in the financial aspect.

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Friday, November 9, 2007

Don't Publish Your Book with Regnery!

Five authors are suing Regnery Publishers for running a scheme that deprives them of their profits. Regnery Publishing is a Washington imprint of conservative books and are owned by Eagle Publishing.
In the lawsuit the authors say that Eagle sells or gives away copies of their books to book clubs, newsletters and other organizations owned by Eagle “to avoid or substantially reduce royalty payments to authors.”

The authors argue that in reducing royalty payments, the publisher is maximizing its profits and the profits of its parent company at their expense.

“They’ve structured their business essentially as a scam and are defrauding their writers,” Mr. Miniter said in an interview, “causing a tremendous rift inside the conservative community.”


Source

I'm glad to see that the authors are not sitting back and taking it from their publisher. There are too many corporations out there that use subsidiaries of their business to conduct shady business dealings. I hope they get their money and the publisher gets hit hard in the financial aspect.

No comments:

Post a Comment