The Friday Project: Out Of Business?

the_friday_project.gifIt appears so. The only blook publisher to have regularly put out blooks of quality seems to liquidating. The Telegraph reports HarperCollins to be the frontrunner in the bid for The Friday Project’s assets, while a Guardian article entitled ‘Industry majors seek option on ailing ‘blook’ publisher list‘ reports Random House has joined HarperCollins in talks regarding TFP.

“The group now has insufficient funds to continue to trade and the directors have a responsibility not to allow the group to incur further liabilities where there is significant uncertainty about the group’s ability to meet their liabilities as they fall due,” said Friday Project Media plc.

I’ve blogged about my experience with TFP, and I must say the feeling towards the company on the ground has been largely positive. Its model of publishing has been largely traditional, the only difference being its source material – which is from the Internet. Whatever happens, whoever succeeds in buying TFP’s list … one thing is clear: there will be no more new media publishers of TFP’s pedigree.

It is believed that HarperCollins intends to buy publishing rights to The Friday Project’s book titles. It also plans to use the company’s expertise in new media publishing to bolster its existing new media operations.

Which is a pity.

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Category: News · Publishing
  • http://mortalghost.blogspot.com Lee

    It would be interesting to know exactly what went wrong.

  • http://www.novelr.com Eli James

    I agree. So far nothing’s being said, but it appears they’ve been making a loss ever since they started. I guess they finally ran out of capital.

    I see I’m not the only one bemoaning this loss. The Guardian has a blog post on it too, and they’re wondering what now? for bloggers.