Publishers announce restructurings |
Written by Staff |
Monday, 08 June 2009 01:24 PM America/New_York |
Harrison House, Bridge-Logos make changes for long-term future Two leading charismatic publishers have restructured their operations to ensure their long-term viability. Six months after filing voluntary bankruptcy, Harrison House Publishers in April announced “a new beginning” for the Tulsa, Okla.-based company. The company said it had “joined operations” with Press Group, a business in the city that handles printing and direct marketing for Christian ministries. Harrison House officials declined to give further details about the agreement. Keith Provance, Harrison House CEO, will continue to head editorial, marketing and production. He said in a statement: “We are excited about our future and we remain committed to the original Harrison House Vision ‘to proclaim the truth and the power of the gospel of Jesus Christ through the printed page.’ The financial stability that we have gained, coupled with our vision and experience in Christian publishing, will be a very strong partnership.” Founded in 1975, Harrison House has published books by Fred Price, Kenneth and Gloria Copeland and Joyce Meyer. Best-sellers include Germaine Copeland’s “Prayers That Avail Much” series. The company filed a voluntary Chapter 11 bankruptcy petition in October 2008. Provance said then that the process was intended to “improve our capital structure and align it with the size of our current business operations.” Meanwhile, Bridge-Logos Publishers in Alachua, Fla., has gone full circle, returning to its roots as a nonprofit ministry, now called Bridge-Logos Foundation. “It gives a whole different perspective to what we are doing, in the sense that we truly now are a ministry, as opposed to just being a publishing company,” said publisher Lloyd Hildebrand of the change. “It ensures the ongoing viability of the company for years to come.” Under the new structure, the foundation would be looking to distribute Christian literature to needy parts of the world, and provide prisoners with free books and Bibles, Hildebrand added. Founded in 1967 as the nonprofit Logos International Fellowship, Logos published a number of influential books in the early days of the charismatic movement. Among them were Nicky Cruz’s best-selling autobiography, Run Baby Run, Dennis Bennett’s Nine O’Clock in the Morning and books by Merlin Carothers. The house became Bridge Publishers Inc., when it was bought in the 1980s. The change to Bridge-Logos Publishing came in 1995 when the business was taken over by Guy Morrell. He died in 2007. In addition to its “Pure Gold Classics” series featuring books by Andrew Murray and Charles Spurgeon, Bridge-Logos has also become known for publishing books by evangelist Ray Comfort. |