I won't give you the details here, because you can go to Ritholtz's blog and read all about them. McGraw-Hill has decided not to publish Ritholtz's book, Bailout Nation, because Ritholtz refused to tone down his strong criticism of the credit rating agencies, including Standard & Poors, which is wholly owned by McGraw-Hill.
Not only that, but McGraw-Hill asked Ritholtz not to alert the news media to the decision, then turned around and told some journalists that McGraw-Hill editors had decided not to publish the book because they did not like his style, and could not corroborate his footnotes.
Yeah, really. It's in a statement from a McGraw-Hill spokesthing.
Ritholtz notes that the first excuse McGraw-Hill gave him was that "they were concerned about my libeling Senator Phil Gramm." Seeing as how Ritholtz refused to back off writing that the ratings agencies and investment bankers are “Pimps and Whores” I'm very interested in seeing what Ritholtz wrote about Gramm.
I hope Ritholtz's lawyers can rip a multi-million dollar chunk out of McGraw-Hill's ass, but I don't think Ritholtz is going to bother.