Houghton cutting jobs

NEW YORK (AP) -December 4, 2008

The company did not immediately say how many jobs would be cut or who had been fired.

Caught in a credit squeeze related to the 2007 merger of Houghton Mifflin and Harcourt - publisher of Philip Roth, Guenter Grass and many others - is already in an apparent hold-down on acquiring new books, a policy that apparently led to the resignation earlier this week of a top executive, Becky Saletan.

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