Outlook Improving for Canadian Publishers

At first blush, 2012 was not a good year for independent Canadian book publishing. It began with Random House, owned by German conglomerate Bertelsmann, finally and completely swallowing up McClelland & Stewart, the iconic publisher once as central to Canadian culture as the CBC. It ended with 42-year-old Vancouver-based Douglas & McIntyre, the largest independent publisher in the country, home to such household names as David Suzuki and Douglas Coupland, essentially filing for bankruptcy protection. Reports in the Toronto Star and The Globe and Mail portrayed an industry in apparent free-fall