Late last week, Hachette Book Group announced that Wendy Grisham was being let go, and that her imprint, Jericho Books, was going to be dramatically downsized. In the Christian publishing world, this is very big news. (Full disclosure: my agent, Kathy Helmers, pitched Jericho several book proposals from me; Jericho did not bid on any of them, and I ultimately signed with another publisher. I harbor no animus whatsoever, and Wendy and I remain friends.)
Jericho arrived on the publishing scene with a bang, paying significant advances to acquire big name authors like Brian McLaren, Nadia Bolz-Weber, Philip Yancey, and Shane Hipps. Their first book to the make the New York Times bestseller list was Nadia’s Pastrix this fall.
Big New York publishing houses like Hachette have been snapping up evangelical publishers for some time now, as Christian books have one of the few bullish areas in publishing. Thomas Nelson and Zondervan are owned by NewsCorp, Waterbrook and Multnomah are owned by Penguin Random House, etc. You get the picture. The conglomeration in publishing is a reality.