Houghton Mifflin Files for Bankruptcy and the Publishing Industry Limps On

The San Francisco Chronicle yesterday reported that “Houghton Mifflin Harcourt Publishing Co., the publisher of authors from Mark Twain to J.R.R. Tolkien, sought bankruptcy protection to eliminate more than $3 billion in debt.  The company, based in Boston, listed $2.68 billion in assets and $3.53 billion in debt in Chapter 11 documents filed today in