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Houghton Mifflin Harcourt Publishing Files for Bankruptcy by Dawn McCarty and Phil Milford (Bloomberg Businessweek, Houghton Mifflin Harcourt 29 May 2012 / ) -

Houghton Mifflin Harcourt Publishing Co., the publisher of authors from Mark Twain to J.R.R. Tolkien, sought bankruptcy protection to eliminate more than $3 billion in debt.

The company, based in Boston, listed $2.68 billion in assets and $3.53 billion in debt in Chapter 11 documents filed today in U.S. Bankruptcy Court in Manhattan. More than 20 affiliates also entered bankruptcy, including Broderbund LLC and Classroom Connect Inc.

"The global financial crisis over the past several years has negatively affected" Houghton Mifflin's financial performance, in a business that "depends largely on state and local funding" for the schoolbook market, said William Bayers, company general counsel, in court papers.

47th Nebula Awards Presented May 19th, 2012 by ( 19 May 2012 / ) - The 47th Nebula Awards were present this evening, May 19th, 2012, at a ceremony held in the Hyatt Crystal City hotel in Arlington, VA. The Toastmaster was Walter Jon Williams.

Keynote speaker, E. Michael Fincke, Col. USAF (Ret) NASA Astronaut, gave an inspiring talk that thanks the science fiction and fantasy community for their imagination because so many engineers believe that what they write is not only possible but actually work to bring it to fruition. His talk was highlighted with pictures of the international space station and some outstanding film of Earth from space. (more ...)

Locus Award Finalists Announced - 2012 by (Locus Online 02 May 2012 / ) - The Locus Science Fiction Foundation has announced the top five finalists in each category of the 2012 Locus Awards.

Winners will be announced during the Science Fiction Awards Weekend in Seattle WA, June 15-17, 2012. Connie Willis will MC the ceremony and judge the annual Hawai’ian shirt contest on Saturday, June 16.

For list of finalists. (Source: Locus Online)

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