McArthur planned for Hachette move

<p>The Canadian publishing industry is pondering the future of Toronto-based McArthur &amp; Company after British-based publishing giant Hachette Book Group that it&#39;s giving the sales and distribution functions of its British imprints to Hachette Book Group USA, reports Canada&#39;s Globe and Mail. The business was worth an estimate 70% of the Toronto firm&#39;s turnover.<br /><br />But McArthur &amp; Co president Kim McArthur said she&#39;s known the change was coming &quot;for about a year&quot; and has been quietly making adjustments to ensure that the loss of the $10m in gross annual revenue provided by Hachette&#39;s imprints wouldn&#39;t sink the company she formed in 1998.</p>