Crisis looms at PFD

There appears to be a growing crisis at top literary (and entertainment) agency, PFD, with reports in The Independent that top authors are set to seek alternative representation following the appointment of Caroline Michel, previously of William Morris.

There are now concerns that...authors and actors will follow agents including Pat Kavanagh and Anthony Jones... to set up a rival agency. Last week Caroline Michel, a successful and charismatic force in entertainment and publishing, was appointed chief executive of PFD. Directors at the firm had been trying to push through a £4m management buy-out after it was bought by CSS Stellar in 2001. But the appointment of Ms Michel was taken as a sign that this sale is no longer possible.

Now that a tranche of agents has resigned, authors are beginning to express their doubts about the changes at PFD.