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D&M Publishers awarded 45-day extension for creditor protection

B.C.'s Supreme Court has awarded D&M Publishers Inc. a 45-day extension on its creditor protection, The Tyee has learned.

The Canadian publishing house filed an initial notice to make a proposal to creditors on Oct. 21, which put the company under protection until Nov. 21. That has now been extended to Jan. 4, 2013.

Started in 1971 by partners Scott McIntyre and Jim Douglas, over the years D&M picked up three imprints, created various partnerships, and by 2011 was producing over a 100 books a year.

D&M "remains operational" at this time, marketing director Emiko Morita wrote in a short email that explained the development. Morita could not immediately be reached for elaboration.

The company continues to look for an investor or purchaser of its assets.

Robyn Smith reports for The Tyee.

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