For the complete Dorchester Publishing saga, click here.
We all remember when Dorchester CEO Robert Anthony and editor Chris Keeslar told Publisher’s Weekly everyone would get paid. This hasn’t happened. On April 22nd, a committee representing Dorchester’s largest unsecured creditors determined the company was “unable to propose any meaningful repayment plan”. This means creditors, including individual authors, can file petitions of bankruptcy against the company.
Last week, Dorchester met with the committee and tried to persuade them that their intentions were good. The committee remained unimpressed and did not change their stance. One participant jokingly suggested that perhaps I was on the line, listening in, and would let the public know. Well, I wasn’t. I was on the set of Ghoul. But my associates were on the line. And one of the things from their transcribed notes was that Dorchester is behind on paying their rent. That’s right. They have been habitually late with their rent for their offices at 200 Madison Avenue. This was confirmed independently. We also confirmed that despite Dorchester’s assurances that everyone is getting paid, the vast majority of authors who are owed money have still not seen recompense.
So… you can’t afford to pay your rent. You can’t afford to pay your authors. What do you do next? Apparently, you spend thousands of dollars on a booth at BEA (Book Expo America). BEA is a trade show for publishers, booksellers, librarians, authors, editors, agents, and anyone else who makes their living from books. Apparently, Dorchester still likes to pretend that they fall into one of those categories. Massive kudos to Edward Champion, who happened to be on hand and reported on his exchange with them. You can read all about it here. Edward asked fair, valid questions — the type of questions that a potential client would want answered. Dorchester had no comment, other than to fall back on their increasingly tired impression of a confused deer caught in oncoming headlights.