I have never heard of this press but I can't figure out if they are new. They seem to have a lot of authors though. I figure that they are large enough to be worthy of a thread about them. [EDIT: I did some more digging on their website and saw that they have books published that date back to late 2009 so they have been at this for three years now.]
Anyone have anything to share about LT3 Press? I'll get the ball rolling with some information taken from their website.
What is LT3 Press:
Less Than Three Press is a strong rising presence in the m/m romance community. Together with a network of highly talented editors, artists, and writers, LT3 provides quality fiction, priding itself on stories that put substance first.
LT3 can be found wherever romance writers linger, advertising across the internet and at various conventions. The company is committed to professional integrity, offering strong editorial support to its talented writers, and excellent customer service.
Always looking for ways to please its readership, LT3 is constantly looking for new ways to reach out and offer quality fiction, from traditional print to digital, with plans to expand into interactive novels and other media formats.
LT3 is a labor of love between three women who wanted to write and publish books, but wanted to do it their way—with other people who love what they do, for people who love to read great romance, with high-quality, well-edited stories that are also affordable, engaging, and always come with that famous happy end.
LT3 is primarily staffed and run by:
Megan Derr—Chief Operations Officer
Samantha Derr—Chief Financial Officer and Editor in Chief
Sasha Miller—Chief Information Officer
London Burden—Marketing Director
LT3 also employs a number of contracted editors and cover artists. You can learn more about the authors, editors, and artists employed by Less Than Three Press on the biographies page.
[EDIT: The owners publish their own fiction through LT3 Press.]
Payment & Royalties:
General Serial Fiction
10% of gross earnings from subscription sales while in serial
40% of cover price for all sales through LT3's Ebook Market
35% of gross earnings for sales through 3rd party distributors
10% of cover price for all sales of print books
One-time payment of $125 - $200 (varies according to anthology)
Author copies of ebook and print
Fairy Tales Serial Fiction
5% of gross earnings from subscription sales while the fairy tale is in serial
One-time payment of $100
Author copies of ebook and print anthologies in which they are compiled