Hyperion Founder Leaving to Run Controversial New Book Group

Posted on April 5, 2008

Hyperion Books founder Robert S. Miller is leaving Hyperion to found a controversial new book group for HarperCollins. The new book group proposes not paying advances to authors. Instead it will pay authors only if the book makes a profit.

Needless to say, the authors and agents are aghast at the concept of this new imprint. Oh, and the new imprint won't allow bookstores to return unsold books as is industry custom.

Who knew HarperCollins CEO Jane Friedman was so ruthless? The shareholders must adore her.

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