Multnomah Being Sold - And Possibly Closed

Justin Taylor reported the news earlier today, from a Publishers Weekly article. Some of this was confirmed to me via personal correspondence from a former Multnomah employee. On a personal level, this is sad, as the future of many good editors and managers is uncertain. On another level, I'm concerned that the future owner will likely be a secular publishing house, and hence more likely to make publication decisions based on economic driving forces rather than theological or pastoral convictions. (That is arguably already an issue in the industry.)

An announcement is due Friday that will clarify the rumors, says CT weblog.