Nazarene Communications Network has just published the following news release:
Board of General Superintendents declares Nazarene Publishing House in financial crisis
Monday, September 29, 2014
Kansas City, Missouri
In light of the most recent report to the Board of General Superintendents (BGS) from the leadership of Nazarene Publishing House (NPH), the BGS unanimously moved to declare NPH in financial crisis. This action was taken in consultation with and support of the Executive Committee of the General Board.
Additionally, in further consultation with the BGS and the Executive Committee of the General Board, members of the NPH board of directors have resigned from their positions in order to create a small interim crisis management team to help navigate next steps. The BGS expresses appreciation for their service during this challenging time. The members of this crisis management team will be nominated by the BGS to serve as an interim board of directors of NPH.
Speaking on behalf of the Board of General Superintendents, David Graves, BGS chair, emphasized that "the long-term publishing goal is to have a sustainable Wesleyan-Holiness voice representing the Church of the Nazarene and its mission to make Christlike disciples in the nations."
Further announcements will be made as recommendations and plans are approved.
The church is asked to remember NPH and its employees in prayer.--Board of General Superintendents
(The original post can be found here.)