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Alyson Books Release

Alyson Books Release

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Published by: galleycat on Oct 01, 2010
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10/01/2010

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FOR IMMEDIATE RELEASE October 1, 2010 Alyson Books publisher, Don Weise, announced today that he has terminated

discussions with Here Media for the purchase of Alyson Books. Mr. Weise pulled together a team of financial backers and presented Here Media with an offer for Alyson earlier this month. After weeks of negotiations, the two parties could not agree on terms. Consequently, Mr. Weise is no longer affiliated with Alyson and will focus on other opportunities. “It’s heartbreaking that Here Media and I could not reach an agreement,” Mr. Weise said. “I worked for months to get a deal done—not just for myself, but especially for the many authors whose work has defined Alyson for the past 30 years. After shopping the press around to several publishers, it became clear that the only way to preserve Alyson was for me to assemble financing to purchase the company myself. But even after offering a price that I believe to be twice the fair market value, we were unable to come to an agreement.” Mr. Weise wanted to make it clear that the challenges faced by Alyson were unrelated to the gay and lesbian genre. “LGBT books will continue to perform solidly,” he said. “The literature is more mainstream than ever with more outlets to reach gay consumers and more public awareness and support around LGBT issues.” Alyson is now solely in the hands of Here Media, and Mr. Weise wishes them the best.

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