Reading the McGraw Hill Tea Leaves

McGraw Hill set up shop nearly 150 years ago. It's still solvent, but the publisher has stopped acquiring the rights to new business books.

Yes, for real. From Publishers Marketplace:

McGraw Hill Professional “has made the strategic decision to cease frontlist acquisitions in the business category.” Upcoming titles have been canceled, though authors can keep their first advance. As a result, the business editorial team is being laid off.

In a word, wow. A storied traditional publisher has exited the game—probably for good. Not long ago, hybrid publisher Scribe closed its doors as well, but questionable leadership seems to have driven that decision.