The book packager Inkwell Publishing Solutions is apparently out of business. According to Jim Dwyer’s New York Times report from Friday, the company, which specializes in developing textbooks, has closed its offices and turned the lights off. According to the Times, “The phone rings and rings. No one answers.†What’s worse? The company apparently went down owing freelancers hundreds of thousands of dollars—payments that were many months overdue and long said to be in the mail.
Take Taylor Baxter, 28: he’s owed more than $10,000. “I owe the I.R.S. over $4,000,†he told the Times. “My credit card is days from being frozen. I am two months late on rent. I have $100 in cash.†Baxter is one of about 50 freelancers who haven’t been paid.
On April 1, Inkwell’s Patricia Cooke, the company’s president, wrote to freelancers and claimed that the delays were caused by late payments from the textbook publisher Houghton Mifflin Harcourt. It’s a fact—or an excuse—that Cooke apparently intended to remain private. When the Times reached Cooke, she noted that it would be “disgusting†to print her earlier statement about Houghton Mifflin Harcourt.
And what about Houghton Mifflin Harcourt—which the Times describes as being “owned by a holding company based in the Cayman Islands” that “floats in oceans of debt”? What’s their side of the story? The Times says “The company did not respond to requests for comment on Thursday and Friday.”
But all it took was one phone call from MobyLives: Josef Blumenfeld, vice president of communications at Houghton Mifflin Harcourt, told us that “there’s no truth to the story,†insisting that all Inkwell invoices had been paid in full since June 1. However, as the story notes, InkWell had complained about unpaid invoices from Houghton as early as April 1. Whether late payments contributed to InkWell’s fall remains to be seen.
Kelly Burdick is the executive editor of Melville House.