News Corp. said that Jane Friedman is resigning as CEO of its HarperCollins publishing house, effective immediately. Friedman is the second publishing executive to leave recently, following Random House CEO Peter Olsen. Although publishing is experiencing a difficult adjustment to a move online by readers, Friedman is leaving after turning HarperCollins into one of the most successful book publishers in the industry. (Reuters)
The Bottom Line
June 5, 2008
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