In June, Publishers Lunch reported Kassia Kroszer, Kirk Biglione, and Kat Meyer had announced they were joining forces to launch "Quartet Press, a 'fledgling digi-publisher' accepting submissions for its romance line Quench! starting this fall. Their books will be available without DRM."
In July, PL reported "SVP and publisher at The Taunton Press Don Linn is leaving that post to join digital publishing start-up Quartet Press, overseeing finance, administration and general management."
And, in August, PL announced Angela James had left Samhain Publishing to join Quartet Press as editorial director.
On Wednesday, PL reported that Quartet Press has decided to discontinue operations.
Kassia Kroszer, who blogs on Booksquare, talks about the decision to close the e-publisher before opening on a post here
I strongly recommend reading Kassia's post. It has a lot to say about the state of publishing. I'll have more to say about this on Monday. I'm taking Sunday off.