UPDATED AT 6:17 PM…See Below
Quartet Press, the new startup that showed such promise and recently snagged former Samhain editor Angela James as its editorial director, announced today that it will disband prior to beginning publication.
Co-founder Kat Meyer broke the news on the Quartet Press website:
For a variety of reasons large and small, Quartet Press has decided to discontinue operations. Sometimes, even with the best of intentions, a hard-working team, and the support of the community, things just don’t work out. This is one of those times. It’s disappointing to all of us, but it’s reality and we will all move on.
We are truly grateful to all of you who have wished us well.Your support and enthusiasm for our venture was humbling, and we hope you will not see our company’s disbanding as an indication that any of us doubt the viability of digital publishing. Far to the contrary — if nothing else, we have learned that the future of digital publishing, while overwhelmingly complex, will be bright indeed, and we will each be working toward that bright future via our individual efforts.
Update: Late this afternoon, Publisher’s Weekly posted an article with some explanation for the closure. Very sad news. I wish Kat, Angela, and her team the all best.