FRANK TAYLOR OUT AS M'GRAW EDITOR

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88-01350R000200020004-8
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 16, 2016
• Document Release Date: November 9, 2004
• Sequence Number: 4
• Publication Date: February 10, 1970
• Content Type: NSPR

i!SEl7, XO u TIi-iLigi V) 6- ea r
Approved ~RDP88-0135QR0002000SQ00 8c
Trade-Book Division. Chief!
to Forni Own Company
By GEORGE GENT
Frank E. Taylor, for five
years the editor in chief and,
general manager of the trade
book division of the Mcgraw-:
Hill Book Company, Is leaving',
to open his own. publishing~j
company.
Mr. Taylor, who dealt with;
Vladimir Nabokov, Eldridge
Cleaver, Marshall McLuhan,
Harold Taylor,. Leo ? Rosten,
Fred Duttona nd Desmond Mor-
ris, amon other authors, said
that yesterday. 'would be his
last day at the office. He said
he was leaving because of a~
company reorganization "that Y profits from the publishing""
11 ,
v wain .1aV Ulu;,
Friday," Mr. Taylor said-,-yes.-
aid yes- my plans are the wave of th
!terday, "and I simply could not future,". J'
~QO alonr* with 'fhn-m'~ aka
senior vice president ofr Y. practice to ask authors to'
general books. leave with me. But I known
Told of Plans Frida many authors are dissatisfied,
49, ,.- .,,,a ..a .,.. y_._' with the ; -publishing .houses;
soon an children s division are ? ve een in publishing
to be brought closer together:22 Years and have left several;
under Dan Lacy, the company's companies. It has never been.
intolerable. s authors were planning to;
Under the reorganization, leave. with him, he replied:'
McGraw-Hill's trade-book divi theThat will be entirely up toJ
A
pushed me aside to work onj oust.
special projects, which I found H,Asked if any of McGraw-, S'
110
to
'Asked if he had resigned, Mr.!
Taylor replied:
"No. I did not, I refused to,
resign. I'm telling my friends:
that I've been fired."
Mr. Lacy said: "As far as I'
know, Mr. Taylor is still with
the company. He has been.
asked to work with me on!
special projects. of his own in-i
spoken ' about starting hi s . own; .
he may decide that he wants;
to leave. But as of now, lie's
:dent and chief executive offi-?
der of the book company, a di-I
vision of McGraw-Hill, Inc,,!
was out or town and could be be reached.
Mr. Taylor said he had long'
been disaffected by,'the situa-;,
tion in publishing. '
Relationships Eroded
J With the increasing trend to-
ward mergers among once
conservative publishing houses
and the shifting of editors from
one house to another, he said,
"I have seen' the unnecessary
erosion of hundreds of creative
editorial relationships. A. way
must he found to; assure the
full life of a book which be-
gins with a writer and ends
Approv4#1bMe1@Ms@ 5/41/4 : CIA-RDP88-013508000200020004-8
start -his own company, to Q
. Financing has been obtained,!
he said, and negotiations are.
under way with a publishing
house to print and distribute,
the books Mr. Taylor will de-;
Velon and edit .
Seeks Share of Profits
He said authors would come to him and he would negotiate
the terms of the agreement with
the publishers. Authors' ? ad
vances would come from him,
In return for which he would;
receive a specified share of
1-_