The PW Morning Report: Tuesday May 12, 2009

By Craig Morgan Teicher -- Publishers Weekly, 5/12/2009 4:17:00 AM

Houghton Mifflin Harcourt’s Credit Rating Withdrawn; "CSI" Creator’s Novel Co-Authored; Former "New Yorker" Staffer on Getting Fired; Internet Book Piracy.

Moody’s Withdraws Houghton Mifflin Harcourt’s Credit Rating
Global credit ratings provider Moody’s has withdrawn HMH’s credit rating, dubbing the company's debts high risk and citing roughly $6.7 billion in debt outstanding.

Highly Anticipated “Digi-Novel” by Anthony Zuiker Co-Authored
Duane Swierczynski co-authored the CSI creator’s eagerly awaited “Digi-Novel,” which features online videos that accompany the print book.

Former New Yorker Staffer Tweets Layoff
There’s been much Internet buzz this week about Dan Baum’s account of his job at and layoff from the New Yorker, which he is offering in 140-character increments on Twitter.

Internet Book Piracy a Growing Concern
Even the New York Times is covering it…