Following yesterday’s report by Q&Q, there has been much speculation in the media and publishing world about the uncertain future of the troubled Key Porter Books. In a statement released this afternoon, the Bolton-based company confirmed it has temporarily suspended its publishing operations and is considering selling off parts of its backlist. The statement also makes clear that the company has not gone out of business, as has been reported elsewhere.

The statement in its entirety is as follows:

As reported in several media outlets today, Key Porter Books has temporarily suspended publishing operations while it pursues a restructuring of its business. Key Porter Books is considering a number of restructuring options, including the sale of certain titles in its valuable catalogue of Canadian works, all with a view to continuing as a leader in the Canadian publishing industry. In the meantime, Key Porter Books is supporting its authors through the continued marketing and sale of previously published works and distribution through H.B. Fenn and Company Ltd.

Key Porter Books has played a leading role in giving a voice to the Canadian story, said Jordan Fenn, Publisher of Key Porter Books, and we will do everything possible to ensure that voice continues to be heard.