Harry and Hillary are big sellers, but publishers still cutting back

Steve Fesenmaier writes spotted An Article that says This should be a great time for the book world, but instead of celebrating, publishers have been cutting. Scholastic, Inc., the U.S. publisher of the Potter books, announced in May that 400 employees had been fired worldwide and said that in mid-July there would be additional spending reductions. Simon & Schuster, which released both the Clinton and Isaacson books, announced this week that 75 employees would be laid off.