Penguin Sues Authors for Repayment
The Penguin Group is suing some pretty high profile authors to recoup some of their advance money, The Smoking Gun reports.
Since an advance is really more of a gamble than a guarantee (authors can be hard to rely on! You can’t rush the creative process! Sometimes editors cancel books!), historically publishers have not held authors accountable. But it is a difficult time for publishing companies and they can probably use all the cash they can get. Read More
