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Today We Bleed

Michael Cader's had a lot to do today, issuing not one but TWO Publishers Lunches, and his news has been picked up virally and disseminated over Gawker, the New York Observer, and the Times.

As we all know by now, Markus Dohle has announced massive changes at Random House. Irwyn Applebaum is stepping down from Bantam. (His brother Stuart is still at RH.) Steve Rubin is renegotiating his position, as Doubleday is being absorbed into the mothership.

S&S has laid off 35 people. Harcourt Houghton Mifflin is also doing more bloodletting, though they refuse to comment on any of it.

Meanwhile, Hachette's giving bonuses. My head just exploded.
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