Thursday
June 7th
2012
LPG Statement on End to Canada Book Fund Support
In a body blow to Canada’s independent literary publishers, on Monday, June 4, 2012, the Literary Press Group (LPG) of Canada received word that the Department of Canadian Heritage (DCH) has ended its financial support of the LPG’s activities for the fiscal year that began on April 1, 2012. As a result, the LPG will be obliged to shut down its sales force, an essential operation that brings hundreds of new Canadian-authored books from 47 Canadian-owned publishers to bookstores and libraries every year. Without the LPG, authors and publishers lose their access to their readers, and Canadian readers lose easy and affordable access to Canada’s literary culture.
The DCH funding represented approximately one third of the LPG’s operating budget and was its single largest revenue source. While the LPG’s finances are otherwise strong, a loss of this size means that the LPG will not be able to continue operation in its current form. The LPG is committed to selling publishers’ fall 2012 titles, but it will have to lay off all field sales representatives as of August 31, 2012 and most head-office staff will be released on November 30, 2012. Beyond November 2012, the LPG will look to establish an agenting relationship with another sales force for publishers who wish to be a part of a new collective….
