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Viewing: Blog Posts Tagged with: Dorchester, Most Recent at Top [Help]
Results 1 - 6 of 6
1. Now Dorchester Is Trying To Sell The Company

STATUS: Leaving for Bologna, Italy on Friday for the Book Fair. Ack!

What’s playing on the XM or iPod right now? SET FIRE TO THE RAIN by Adele

I also have some land 100 miles west of Ft Myers I'd like to sell you….

What would I week be without an update on Dorchester? I can't imagine what company would be interested in buying an ailing organization with such a significant amount of debt. I don't have updated numbers from the phone call last year but back then, debt owed was in the millions.

Maybe it's good for the taxes.

But straight from the horse's mouth, here is a letter from Dorchester's president.

10 Comments on Now Dorchester Is Trying To Sell The Company, last added: 3/15/2012
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2. The Sky Tumbling Down

STATUS: Only 65 emails in the inbox to start the day!

What’s playing on the XM or iPod right now? I FEEL THE EARTH MOVE by Carole King

Wait! What is that I hear? I think it's the wind whistling down Park Avenue and through the Dorchester non-existent office space.

In a world where information is found in a quick Google search, why try and dissemble?

Here is a link to a notice to Dorchester of foreclosure for the note and a sale of the assets that were pledged as security on a loan.

Back to my question. Why do I say that I don't think I'll see a bankruptcy filing soon? By the way, this is not a statement of fact. Simply a supposition on my part.

I don't think Dorchester will file unless forced to. It's costly to file and go through the process. Meanwhile, monies are coming in and not being paid out.

Last year when my lawyer and I sat in on the phone calls where Dorchester disclosed their financially precarious position, the list of creditors was part of that conversation. There are at least 6 companies that might find it worthwhile to force Dorchester into Bankruptcy to recover monies owed.

And I hope they do.

But to be blunt, those companies will crunch the numbers. If they come out ahead in what they will recover versus what it will cost, then my guess is they will do it. It certainly won't be altruistic.

5 Comments on The Sky Tumbling Down, last added: 3/9/2012
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3. Whose Got Problems? Dorchester Has Problems

STATUS: I’m listening to Chill on XM. This station is new to me. Do I feel calmer? Hum…

What’s playing on the XM or iPod right now? TAMELESS by Yonderboi

Sadly, Dorchester Publishing has been in the news again recently. I’m sure most of you have already seen the headlines as it certainly is not a secret that Brian Keene called for a boycott of the publisher because unauthorized editions of Keene’s digital editions were being sold after the rights had reverted to him.

I can confirm that the same has happened to several NLA authors whose rights had also reverted.

In response, Dorchester vows to make it right.

Last Thursday, I was on a conference call that detailed Dorchester’s current financial situation where I also brought up this issue.

Currently they are paying royalties owed to what they call “currently active Dorchester authors” (ie. authors whose rights Dorchester currently has under contract and can exploit). I also received confirmation that those payments are happening on a weekly basis.

However, Dorchester owes a tidy sum of back royalties to what are called “non-current inactive authors” (ie. authors whose rights have reverted) and as of Thursday’s call, there is no plan in place to pay these past royalties owed.

I imagine that this is partly what CEO Bob Anthony is referring to when he mentions that they’ve needed to prioritize cash flow and in the end, one can hope that Anthony’s vow that “all authors will be paid in full” will come to pass.

Given past actions by the company, Mr. Keene and other authors remain skeptical.

11 Comments on Whose Got Problems? Dorchester Has Problems, last added: 4/1/2011
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4. Should Dorchester Remain on Probation? Yes.

STATUS: Was all set to potentially launch something cool on Friday and lo and behold, ice storm in Seattle. Trust me, this makes sense because we are based in Denver but our tech person, who manages all things digital, is in Seattle. She had no electricity or internet for 3 days. Shudders.

What’s playing on the XM or iPod right now? FREE by Graffiti6

Last week, the Vice President of the Science Fiction and Fantasy Writers of America reached out to SFWA members about Dorchester Publishing.

Dorchester's probationary period is scheduled to end on January 31, 2012 and SFWA would like to evaluate their progress in meeting the benchmarks SFWA set for them.

By their request, members could contact them with any information that the Board should consider.

Well, let me tell you, I was happy to oblige. I wrote a letter clearly outlining my stance that that Dorchester should remain on probation or be delisted altogether based on not making any progress whatsoever on benchmark 1: That it fulfills its contractual and financial obligations to the authors it has already published, including full and accurate accounting of royalties per contract, with scheduled payment of any royalties outstanding.

Despite repeated requests for updated accountings and the thousands of dollars still owed in back royalties to NLA authors who used to be with Dorchester, we've received excuses, delays, and no good faith efforts to resolve their obligations.

And I have no problem making my sentiment on the situation public.

12 Comments on Should Dorchester Remain on Probation? Yes., last added: 1/27/2012
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5. We Won't Leave The Light On For You

STATUS: Bologna Children's Book Fair is almost upon us. Oi. Not ready yet.

What’s playing on the XM or iPod right now? MERCY by Duffy

On Thursday, I got word that the doors were locked, lights out, and the phones disconnected at Dorchester.

I know. Surprise. Here are links to my previous entries on Dorchester and its impending demise.

As a matter of course, I did touch base with my lawyer simply to see if there had been a bankruptcy filing. I'm actually not expecting to find one.

Now why do I say that?

Anyone? Anyone? Bueller?

I know a lot of blog readers have backgrounds in law so feel free to chime in via the comment section with your surmises.

More to come tomorrow.

9 Comments on We Won't Leave The Light On For You, last added: 3/7/2012
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6. We Are so Dense About Technology That We Can't Figure Out How To Forward Our Phones

STATUS: Typical Denver schizophrenic weather. I was wearing short sleeves and no jacket yesterday while taking Chutney for a walk in 70 degree weather. Today it's going to snow. Yay spring!

What’s playing on the XM or iPod right now? MATILDA by Harry Belafonte

To a new office location.

Let's see a show of hands. Who believes that Dorchester might simply be moving offices and the phones are currently being "switched over?" (see the added links in comments section of yesterday's blog post.)

Hum… thought so.

So to my post of yesterday. I'm going to make my readers do a little work. I can't hand over all the information on a silver platter. *grin*

I mentioned that Dorchester has disappeared and that I don't think I'll see a filing for bankruptcy any time soon. Now why do I say that?

Surely if a company is defunct they'll file for bankruptcy, right?

Not necessarily….

So tell me why.

Meanwhile, all Dorchester eBooks are up and still for sale across all the electronic distribution venues. Where is the money going? We know for certain it's not going to the authors.

Every night I sleep easy knowing that I fought tooth and nail to get rights reverted for each of my five authors who had backlist there when Dorchester first breached those contracts and weren't paying owed royalties. Even for titles I didn't represent on their behalf because it was before my time as their agent.

And I'm also happy to report that those authors are self-publishing those books and making a very nice income on backlist ebook sales. Want to support a former Dorchester offer? Check out their offerings on the links connected to their names.

JANA DELEON
MARI MANCUSI
LESLIE LANGTRY
CAROLYN JEWEL

A happy ending for us but I feel for all those authors who couldn't get their rights. I strongly recommend you reach out to the various agencies that support authors: Authors Guild, Romance Writers Of America, Science Fiction & Fantasy Writers, Sisters in Crime, Mystery Writers of America etc. I can't list all of them here.

These organizations might be able or connect you with the right people who can advise you on next step if your rights are in question.

9 Comments on We Are so Dense About Technology That We Can't Figure Out How To Forward Our Phones, last added: 3/9/2012
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