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Middlesex University Press to close
02.11.09 | Catherine Neilan
Middlesex University Press is being shut down at the end of the year, after senior management deemed it "irresponsible" to invest further in the company.
In a letter sent to authors, Waqar Ahmad, chairman of MUP, said the move came following a management review last year, which resulted in separating the press from the print management service Lithgo. This left the press wholly owned, and wholly subsidised, by Middlesex University.
In the letter, seen by The Bookseller, Ahmad said: "Major investment would have been required to grow the business and, in my view, in today's financial climate it would have been irresponsible to make that investment with no guarantee of a satisfactory return.
"I therefore consider that the continuation of Middlesex University Press as part of Middlesex University to be untenable."
He added that "with much regret" the company would cease operation "entirely" by 31st December.
MUP is now in discussion with distributor Central Books and publisher Cengage Learning "with respect to termination", with more details forthcoming, Ahmad said. The press declined to comment further.