Kat Meyer has spoken in an article late yesterday with Calvin Reid of Publishers Weekly and shed more light on the sudden closure of new digital publishing venture, Quartet Press.
Meyer, one of the founders of Quartet Press, conceded that the financial structure of the business was flawed and ultimately would not work, and rather than struggle, it was agreed to disband the company. The realisation of these inherent flaws came about following discussions with digital vendors.
“…we didn’t want to compromise and lower the quality. We’re all a little shocked but we knew we had to do this now or it would have been even more disappointing.”