spot_img

Dorchester Publishing Closes

 

 

Dorchester Publishing has been sold at auction. The media congolomerate established in 1971 was best known for its romance line, and Hard Case Crime novels. Dorchester also published romance magazines True Confessions and True Story.

Over the last few years, the publisher has been in financial trouble. Owner of the company, John Backe, under the umbrella of Backe Group, Inc. filled for “notice of foreclosure” on February 28, 2012. The auction, held on March 8, had only one bidder a company called, FAA Investments. There is little known about this investment firm, and they have declined media interviews.

Norton Laszarus of OEM Capital, the company in charge of the sale stated that the auction “did not apply to the book publisher Dorchester Publishing itself.” In a statement he clarified: “We are on a mission to find buyers for the book titles of Dorchester Publishing, and we have a number of people interested.”

This foreclosure has left many authors without royalty payments and many  staff members without salaries. With payments still pending, Dorchester’s legal and financial problems are far from over as many of their authors are filing legal actions against the publisher.

Similar Articles

Comments

FOLLOW US

2,023FansLike
3,108FollowersFollow
10,500SubscribersSubscribe

Recent Book Trailers

Instagram

Advertismentspot_img

Don't Miss

BOOK REVIEW: “A Time for Mercy” by John Grisham

0
 “A Time for Mercy” by John Grisham Five years after Jake Brigance defended Carl Lee in “A Time to Kill” and 2 years after Jake...

PODCAST::: Choose Me with NYT Best Seller Tess Gerritsen & Gary Braver on Book...

0
Choose Me with NYT Best Seller Tess Gerritsen & Gary Braver on Book Lights LISTEN HERE! Internationally bestselling author Tess Gerritsen took an unusual route to...

Cozy Reads for Rainy Days

0
Cozy up with these mysteries for those rainy days! Fresh Brewed Murder by Emmeline Duncan Master barista Sage Caplin is opening a new coffee cart in Portland,...

SNEAK PEEK: THE COMMODORE’S GIFT BY MANDY EVE BARNETT

0
THE COMMODORE’S GIFT BY MANDY EVE BARNETT Fighting against society’s feminine expectations, Owena’s excellent strategic and swordsmanship skills come to the fore after an attack...

ZONDERKIDZ ANNOUNCES NEW PODCAST

0
The Jesus Storybook Bible Podcast premieres September 23 with guests Amy Grant and Bishop Michael Curry Zonderkidz is pleased to announce that New York Times bestselling author Sally...

SNEAK PEEK: PASSAGES BY H. M. GOODEN

0
PASSAGES Death.  Dementia. And Everything in Between An in-depth look at the transitions of life through Poetry and Prose By family physician and critically acclaimed author, H.M....

Buffy Summers Makes Her Final Stand in THE LAST VAMPIRE SLAYER

0
(BOOM! Press Release) Discover the Fate of the Iconic Slayer in a Shocking New Post-Apocalyptic Future in December 2021 BOOM! Studios, in collaboration with 20th Television,...

Celebrate Hispanic Heritage Month

0
There's a Book for That: Hispanic Heritage Month Welcome to Hispanic Heritage Month which runs from September 15 through October 15. Hispanic Heritage Month, whose roots...

‘Oh, The Places You’ll Go’ After the Pandemic by Marina Adair

0
Like many, my family has spent the past ten months sheltering in place, watching through the window as time passes by. Like a character...

National Book Foundation to Present Lifetime Achievement Award to Karen Tei Yamashita

0
National Book Foundation to Present Lifetime Achievement Award to Karen Tei Yamashita The National Book Foundation, presenter of the National Book Awards, today announced that...